AMF Tjanstepension AB Invests $9.39 Million in D.R. Horton, Inc. $DHI

Key Points

• AMF Tjanstepension AB has acquired a new position in D.R. Horton, Inc., investing approximately $9.39 million to purchase 72,841 shares.
• Several analysts have raised their price targets for D.R. Horton stock, with Wells Fargo increasing its target from $175.00 to $190.00 and maintaining an "overweight" rating.
• D.R. Horton recently reported earnings of $3.36 per share for the quarter, exceeding estimates and generating $9.23 billion in revenue.

AMF Tjanstepension AB acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 72,841 shares of the construction company's stock, valued at approximately $9,391,000.

Several other large investors have also recently added to or reduced their stakes in DHI. Olde Wealth Management LLC bought a new position in D.R. Horton during the first quarter worth $26,000. Bayforest Capital Ltd lifted its stake in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new position in D.R. Horton during the first quarter worth $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton during the first quarter worth $51,000. Finally, Adirondack Trust Co. lifted its stake in D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock worth $52,000 after purchasing an additional 141 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DHI has been the topic of several research analyst reports. Wedbush raised their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their target price on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Weiss Ratings reiterated a "hold (c+)" rating on shares of D.R. Horton in a research note on Saturday, September 27th. Finally, Citigroup raised their target price on D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $160.00.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the transaction, the director directly owned 1,193 shares of the company's stock, valued at $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock worth $5,898,848 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $174.93 on Friday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $195.50. The firm's 50-day simple moving average is $165.86 and its 200 day simple moving average is $139.88. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The stock has a market cap of $52.15 billion, a P/E ratio of 14.03, a P/E/G ratio of 3.56 and a beta of 1.40.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the previous year, the business earned $4.10 earnings per share. The company's revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's payout ratio is currently 12.83%.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.

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