Baxter Bros Inc. Raises Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Baxter Bros Inc. increased its stake in D.R. Horton, Inc. by 17.9%, owning 22,509 shares now valued at approximately $2.9 million.
• Analysts have recently raised price targets for D.R. Horton, with UBS increasing theirs to $187 and Wells Fargo to $190, reflecting strong market interest.
• D.R. Horton reported earnings of $3.36 per share for the last quarter, exceeding expectations and showing a 11.46% net margin despite a year-over-year revenue decline.

Baxter Bros Inc. grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 17.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,509 shares of the construction company's stock after buying an additional 3,415 shares during the period. Baxter Bros Inc.'s holdings in D.R. Horton were worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DHI. Allspring Global Investments Holdings LLC grew 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 in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton by 4,630.6% in the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after acquiring an additional 1,655,309 shares during the last quarter. Amundi lifted its holdings in shares of D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company's stock worth $266,811,000 after acquiring an additional 817,998 shares during the last quarter. Nuveen LLC bought a new stake in shares of D.R. Horton in the 1st quarter worth about $98,382,000. Finally, Vanguard Group Inc. lifted its holdings in shares of D.R. Horton by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock worth $4,279,706,000 after acquiring an additional 642,642 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 1.6%

Shares of DHI opened at $158.56 on Thursday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The firm has a market capitalization of $47.27 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.34 and a beta of 1.40. The company has a 50-day moving average of $166.94 and a 200 day moving average of $140.58.

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

D.R. Horton Dividend Announcement

The firm 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. The ex-dividend date was 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%.

Analysts Set New Price Targets

Several equities 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 stock a "market perform" rating in a report on Thursday, July 24th. UBS Group raised their target price 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. Weiss Ratings restated a "hold (c+)" rating on shares of D.R. Horton in a report on Wednesday. Wells Fargo & Company raised their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Finally, Citigroup raised their target price on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $157.31.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the business's 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 completion of the sale, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction dated 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 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. In the last quarter, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.