Assenagon Asset Management S.A. Sells 42,326 Shares of D.R. Horton, Inc. $DHI

Key Points

• Assenagon Asset Management S.A. reduced its holdings in D.R. Horton, Inc. by 9.8% during the second quarter, now owning 0.13% of the company's shares, valued at approximately $50 million.
• Major hedge funds have increased their stakes in D.R. Horton, with substantial boosts from firms such as Amundi (up 60.2%) and Allspring Global Investments (up 652.0%).
• D.R. Horton reported strong earnings of $3.36 per share for the last quarter, exceeding analysts' expectations, while also announcing a quarterly dividend of $0.40 per share.

Assenagon Asset Management S.A. decreased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,587 shares of the construction company's stock after selling 42,326 shares during the period. Assenagon Asset Management S.A. owned 0.13% of D.R. Horton worth $50,097,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton during the first quarter valued at $26,000. Bayforest Capital Ltd raised its holdings in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new position in D.R. Horton during the 1st quarter valued at about $34,000. Ransom Advisory Ltd acquired a new stake in shares of D.R. Horton in the 1st quarter valued at $51,000. Finally, Alpine Bank Wealth Management purchased a new stake in D.R. Horton in the first quarter valued at approximately $61,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.6%

NYSE:DHI traded down $1.03 on Tuesday, reaching $163.20. The company's stock had a trading volume of 1,598,832 shares, compared to its average volume of 3,792,159. 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 firm has a market cap of $48.65 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 3.57 and a beta of 1.36. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50. The stock has a 50 day moving average price of $160.32 and a 200 day moving average price of $137.49.

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

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's payout ratio is currently 12.83%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the transaction, the director owned 1,193 shares of the company's stock, valued at $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,376 shares of company stock worth $5,898,848. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DHI shares. Wedbush lifted their price target 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 lifted their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Royal Bank Of Canada increased their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $158.23.

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.