ASR Vermogensbeheer N.V. Acquires New Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $538,000 in D.R. Horton, Inc., acquiring 4,234 shares during the first quarter.
• D.R. Horton's latest quarterly earnings showed an EPS of $3.36, exceeding analysts' expectations, despite a revenue decline of 7.4% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, set to be paid on August 14th, reflecting a 1.0% yield and a payout ratio of 12.83%.

ASR Vermogensbeheer N.V. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,234 shares of the construction company's stock, valued at approximately $538,000.

A number of other institutional investors have also modified their holdings of DHI. Azzad Asset Management Inc. ADV raised its position in shares of D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after acquiring an additional 89 shares during the period. Aptus Capital Advisors LLC raised its holdings in D.R. Horton by 3.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock valued at $446,000 after acquiring an additional 98 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after acquiring an additional 98 shares during the last quarter. Continuum Advisory LLC raised its holdings in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after acquiring an additional 100 shares during the last quarter. Finally, Unison Advisors LLC raised its holdings in D.R. Horton by 0.3% in the 1st quarter. Unison Advisors LLC now owns 38,719 shares of the construction company's stock valued at $4,922,000 after acquiring an additional 103 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 2.2%

Shares of D.R. Horton stock traded up $3.46 during trading hours on Tuesday, hitting $158.42. The company's stock had a trading volume of 2,855,050 shares, compared to its average volume of 4,718,789. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The business has a fifty day moving average of $135.66 and a 200 day moving average of $129.79. The company has a market capitalization of $47.23 billion, a PE ratio of 12.70, a P/E/G ratio of 3.29 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue was down 7.4% on a year-over-year basis. During the same period last year, the business earned $4.10 EPS. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm'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 completion of the sale, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DHI. BTIG Research cut their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Barclays decreased their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $153.23.

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.