Ascent Group LLC Purchases Shares of 1,825 D.R. Horton, Inc. $DHI

Key Points

• Ascent Group LLC has made a new investment in D.R. Horton, Inc. by acquiring 1,825 shares valued at approximately $232,000 during the first quarter.
• Corporate insiders, including Director Michael R. Buchanan and Chairman David V. Auld, sold a significant number of shares recently, with total insider sales amounting to $6.17 million over the last 90 days.
• D.R. Horton reported a quarterly EPS of $3.36, exceeding analyst expectations, but experienced a 7.4% decline in year-over-year revenue.

Ascent Group LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,825 shares of the construction company's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. raised its holdings in shares of D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after purchasing an additional 101,643 shares in the last quarter. MQS Management LLC bought a new position in D.R. Horton in the 1st quarter worth $1,132,000. Leavell Investment Management Inc. raised its holdings in D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after acquiring an additional 549 shares during the period. Exchange Traded Concepts LLC raised its holdings in D.R. Horton by 25.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after acquiring an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its holdings in D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after acquiring an additional 5,052 shares during the period. Institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. 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 report on Tuesday, September 2nd. 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 report on Thursday, July 24th. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, UBS Group lifted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus target price of $154.38.

Insider Activity

In other news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the transaction, the director owned 1,193 shares in the company, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,526 shares of company stock worth $6,173,403. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $0.39 during trading on Tuesday, hitting $171.70. 3,131,628 shares of the company's stock traded hands, compared to its average volume of 3,784,752. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The firm's fifty day moving average price is $157.10 and its 200 day moving average price is $136.13. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a market cap of $51.19 billion, a PE ratio of 13.77, a PEG ratio of 3.77 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $8.80 billion. During the same period in the previous year, the business earned $4.10 EPS. The firm'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. Analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's payout ratio is 12.83%.

D.R. Horton 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.