Bank Pictet & Cie Europe AG Increases Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Bank Pictet & Cie Europe AG increased its stake in D.R. Horton, Inc. by 14.6%, owning approximately 0.12% of the company after acquiring an additional 46,555 shares during the second quarter.
• D.R. Horton reported $3.36 EPS for the last quarter, surpassing analysts' expectations of $2.90, with a revenue of $9.23 billion, which was higher than the expected $8.80 billion.
• The company declared a quarterly dividend of $0.40, representing an annualized dividend yield of 1.0%, with a dividend payout ratio of 12.83%.

Bank Pictet & Cie Europe AG boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 366,101 shares of the construction company's stock after buying an additional 46,555 shares during the quarter. Bank Pictet & Cie Europe AG owned approximately 0.12% of D.R. Horton worth $47,198,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DHI. Vanguard Group Inc. raised its holdings in shares of D.R. Horton by 1.9% in the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock valued at $4,279,706,000 after purchasing an additional 642,642 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in D.R. Horton by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock valued at $446,093,000 after buying an additional 33,412 shares during the last quarter. Invesco Ltd. lifted its position in shares of D.R. Horton by 23.1% during the 1st quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock worth $320,421,000 after buying an additional 472,382 shares in the last quarter. Amundi lifted its position in shares of D.R. Horton by 60.2% during the 1st quarter. Amundi now owns 2,176,211 shares of the construction company's stock worth $266,811,000 after buying an additional 817,998 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of D.R. Horton by 652.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after buying an additional 1,718,094 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

DHI opened at $164.92 on Friday. The firm has a 50-day moving average price of $162.44 and a 200-day moving average price of $138.11. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50. 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 company has a market capitalization of $49.16 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 3.55 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the prior year, the company posted $4.10 EPS. D.R. Horton's revenue 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. Equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank Of Canada increased their price target on 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 raised their target price on 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 boosted their price target 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. Keefe, Bruyette & Woods increased their price target 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. Finally, Bank of America lifted their price objective on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given 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 company currently has a consensus rating of "Hold" and an average target price of $158.23.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman directly owned 815,672 shares of the company's stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is owned by company insiders.

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.

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