Banque Pictet & Cie SA Has $54.65 Million Holdings in D.R. Horton, Inc. $DHI

Key Points

• Banque Pictet & Cie SA increased its stake in D.R. Horton by 2.0%, owning approximately 423,892 shares worth $54.65 million as of the latest reporting period.
• D.R. Horton reported $3.36 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $2.90, and generated $9.23 billion in revenue.
• The company announced a quarterly dividend of $0.40 per share, representing a 1.0% yield, with a dividend payout ratio of 12.83%.

Banque Pictet & Cie SA lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,892 shares of the construction company's stock after purchasing an additional 8,251 shares during the period. Banque Pictet & Cie SA owned approximately 0.14% of D.R. Horton worth $54,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DHI. Allspring Global Investments Holdings LLC boosted its position in 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 valued at $252,477,000 after buying an additional 1,718,094 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of D.R. Horton by 4,630.6% during the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock valued at $214,984,000 after acquiring an additional 1,655,309 shares during the period. GAMMA Investing LLC boosted its holdings in D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after acquiring an additional 911,960 shares during the last quarter. Amundi increased its position in D.R. Horton by 60.2% in the first quarter. Amundi now owns 2,176,211 shares of the construction company's stock worth $266,811,000 after purchasing an additional 817,998 shares during the period. Finally, Nuveen LLC bought a new stake in D.R. Horton during the 1st quarter worth about $98,382,000. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $164.92 on Friday. The stock's fifty day simple moving average is $162.44 and its 200 day simple moving average is $138.11. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $49.16 billion, a PE ratio of 13.22, a PEG ratio of 3.55 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.

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, beating analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company's revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised 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. UBS Group raised their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note 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. 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 note on Wednesday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.23.

Insider Buying and Selling at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction on 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 sale, the chairman directly owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $251,808.00. Following the transaction, the senior vice president owned 6,457 shares of the company's stock, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by corporate 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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