Ariel Investments LLC Purchases 2,572 Shares of D.R. Horton, Inc. $DHI

Key Points

• Ariel Investments LLC increased its stake in D.R. Horton, Inc. by 1.9%, owning 137,621 shares valued at approximately $17.5 million, highlighting growing institutional interest in the company.
• D.R. Horton reported earnings of $3.36 EPS for the quarter, surpassing expectations, with revenues reaching $9.23 billion, despite a 7.4% decline year-over-year.
• The company declared a quarterly dividend of $0.40 per share, yielding 0.9%, maintaining a low payout ratio of 12.83% which indicates room for future growth.

Ariel Investments LLC grew its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,621 shares of the construction company's stock after acquiring an additional 2,572 shares during the quarter. Ariel Investments LLC's holdings in D.R. Horton were worth $17,496,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton during the first quarter worth approximately $26,000. Bayforest Capital Ltd increased its stake in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new position in shares of D.R. Horton in the first quarter worth $34,000. Alpine Bank Wealth Management purchased a new position in shares of D.R. Horton in the first quarter worth $61,000. Finally, Continuum Advisory LLC increased its stake in shares of D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after buying an additional 100 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DHI. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Finally, UBS Group lifted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and a consensus price target of $154.38.

D.R. Horton Stock Up 2.8%

Shares of DHI stock traded up $4.99 during mid-day trading on Friday, reaching $181.68. 3,748,481 shares of the company's stock traded hands, compared to its average volume of 3,557,427. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a market cap of $54.16 billion, a P/E ratio of 14.57, a P/E/G ratio of 3.87 and a beta of 1.36. 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 company's 50-day moving average price is $151.59 and its 200-day moving average price is $133.97.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS 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 firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter in the previous year, the business posted $4.10 EPS. The company's quarterly 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. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued 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 12.83%.

About D.R. Horton

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.