Carmel Capital Partners LLC Buys New Position in D.R. Horton, Inc. $DHI

Key Points

• Carmel Capital Partners LLC acquired a new position in D.R. Horton, purchasing 7,798 shares valued at approximately $1,005,000 during the second quarter.
• Wall Street analysts have adjusted their price targets for D.R. Horton, with estimates ranging from $156.54 to $187.00, reflecting mixed ratings from strong buy to sell.
• D.R. Horton recently declared a quarterly dividend of $0.40 per share, resulting in an annual yield of 1.0% and a dividend payout ratio of 12.83%.

Carmel Capital Partners LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,798 shares of the construction company's stock, valued at approximately $1,005,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Values First Advisors Inc. raised its holdings in shares of D.R. Horton by 4.7% during the second quarter. Values First Advisors Inc. now owns 6,024 shares of the construction company's stock valued at $777,000 after acquiring an additional 270 shares in the last quarter. Praxis Investment Management Inc. boosted its position in shares of D.R. Horton by 39.1% during the second quarter. Praxis Investment Management Inc. now owns 6,900 shares of the construction company's stock valued at $890,000 after purchasing an additional 1,940 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of D.R. Horton by 4.8% during the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company's stock valued at $225,000 after purchasing an additional 80 shares in the last quarter. Generali Asset Management SPA SGR boosted its position in shares of D.R. Horton by 85.1% during the second quarter. Generali Asset Management SPA SGR now owns 30,513 shares of the construction company's stock valued at $3,934,000 after purchasing an additional 14,030 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of D.R. Horton by 171.5% during the second quarter. Ritholtz Wealth Management now owns 5,767 shares of the construction company's stock valued at $743,000 after purchasing an additional 3,643 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research reports. Wedbush lifted their price target 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. Keefe, Bruyette & Woods lifted their price target on 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. Evercore ISI set a $169.00 price target on D.R. Horton and gave the company an "in-line" rating in a research report on Tuesday, October 7th. Citigroup lifted their price target on D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, October 1st. Finally, UBS Group lifted their price target on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $156.54.

D.R. Horton Trading Up 0.4%

D.R. Horton stock opened at $153.54 on Friday. 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 business's fifty day simple moving average is $167.08 and its two-hundred day simple moving average is $141.77. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $195.50. The company has a market capitalization of $45.77 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 3.18 and a beta of 1.40.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS 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 business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the company posted $4.10 earnings per share. The company'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. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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 dividend of $0.40 per share. 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 is presently 12.83%.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction 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. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 over the last ninety days. 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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