Bahl & Gaynor Inc. Acquires 8,926 Shares of D.R. Horton, Inc. $DHI

Key Points

• Bahl & Gaynor Inc. increased its shares in D.R. Horton, Inc. by 7.8%, owning a total of 122,930 shares valued at approximately $15.6 million.
• Analysts have raised their price targets for D.R. Horton, with UBS Group now at $187.00 and Wells Fargo at $175.00, reflecting positive sentiment towards the stock.
• D.R. Horton reported a quarterly earnings of $3.36 EPS, exceeding estimates of $2.90, though its revenue showed a year-over-year decline of 7.4%.

Bahl & Gaynor Inc. raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,930 shares of the construction company's stock after buying an additional 8,926 shares during the quarter. Bahl & Gaynor Inc.'s holdings in D.R. Horton were worth $15,628,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DHI shares. 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 report on Thursday, July 24th. Royal Bank Of Canada upped their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. Wedbush upped their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. UBS Group upped their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $153.23.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was 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 represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Up 0.9%

NYSE DHI traded up $1.48 during trading hours on Thursday, reaching $168.98. 2,531,056 shares of the company's stock were exchanged, compared to its average volume of 3,808,952. The company's 50-day moving average is $145.15 and its two-hundred day moving average is $131.84. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The company has a market capitalization of $50.37 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.58 and a beta of 1.34.

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

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 12.83%.

D.R. Horton Company 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.