Callan Family Office LLC Boosts Holdings in D.R. Horton, Inc. $DHI

Key Points

• Callan Family Office LLC increased its stake in D.R. Horton, Inc. by 47.7% during the second quarter, owning 11,693 shares valued at approximately $1.5 million.
• Several other institutional investors significantly enhanced their positions in D.R. Horton, with Allspring Global Investments lifting its position by 652% in the first quarter.
• D.R. Horton reported strong quarterly earnings of $3.36 per share, exceeding estimates and generating $9.23 billion in revenue despite a decline from the previous year.

Callan Family Office LLC raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 47.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,693 shares of the construction company's stock after buying an additional 3,775 shares during the quarter. Callan Family Office LLC's holdings in D.R. Horton were worth $1,507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in D.R. Horton by 652.0% during 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 acquiring an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. raised its position 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 valued at $214,984,000 after purchasing an additional 1,655,309 shares in the last quarter. Amundi raised 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 valued at $266,811,000 after acquiring an additional 817,998 shares in the last quarter. Nuveen LLC bought a new position in shares of D.R. Horton in the 1st quarter worth about $98,382,000. Finally, Vanguard Group Inc. raised its stake in D.R. Horton by 1.9% during the first 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 period. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction on Friday, September 5th. The stock was 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 in the company, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael R. Buchanan sold 1,000 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company's stock, valued at $215,622.82. This represents a 45.60% 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DHI shares. Bank of America lowered their price objective on D.R. Horton from $175.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday. Wedbush upped their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their target price on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Finally, Keefe, Bruyette & Woods upped their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $156.54.

D.R. Horton Stock Performance

DHI opened at $151.30 on Friday. The firm has a market capitalization of $45.11 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 3.15 and a beta of 1.40. The stock's 50 day moving average price is $167.13 and its two-hundred day moving average price is $140.95. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. 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 announced its quarterly earnings data 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. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm 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, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.1%. D.R. Horton's payout ratio is presently 12.83%.

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.

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