Aveo Capital Partners LLC Acquires 2,450 Shares of D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Aveo Capital Partners LLC increased its stake in D.R. Horton, Inc. by 32.4%, acquiring an additional 2,450 shares to bring its total holdings to 10,017 shares, valued at approximately $1.23 million.
• Recent transactions by large investors included Bayforest Capital Ltd increasing its stake by 340.4% and new positions by Olde Wealth Management LLC and Itau Unibanco Holding S.A., highlighting strong institutional interest with 90.63% of stock owned by institutional investors.
• D.R. Horton recently announced a $0.40 quarterly dividend, with an annualized yield of 1.0%, while the company reported a net margin of 11.46% and a year-over-year revenue decline of 7.4% in its latest earnings results.

Aveo Capital Partners LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 32.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,017 shares of the construction company's stock after purchasing an additional 2,450 shares during the period. Aveo Capital Partners LLC's holdings in D.R. Horton were worth $1,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. increased its holdings in shares of D.R. Horton by 1,710.0% during the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after buying an additional 101,643 shares in the last quarter. MQS Management LLC acquired a new position in shares of D.R. Horton during the first quarter worth $1,132,000. Leavell Investment Management Inc. increased its holdings in shares of D.R. Horton by 19.8% during the first quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after buying an additional 549 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in D.R. Horton by 25.0% in the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after purchasing an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its holdings in D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Price Performance

Shares of NYSE DHI traded up $7.40 during mid-day trading on Wednesday, reaching $165.66. 5,054,380 shares of the company were exchanged, compared to its average volume of 3,796,494. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. 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 capitalization of $49.39 billion, a PE ratio of 13.28, a PEG ratio of 3.29 and a beta of 1.34. The company's 50 day moving average price is $135.66 and its 200 day moving average price is $129.79.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.10 earnings per share. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton's payout ratio is currently 12.83%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DHI shares. Bank of America decreased their price objective on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 The Goldman Sachs Group decreased their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JMP Securities decreased their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Barclays decreased their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $153.23.

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.