Caxton Associates LLP Purchases Shares of 19,864 D.R. Horton, Inc. $DHI

Key Points

• Caxton Associates LLP has acquired a new stake in D.R. Horton, purchasing 19,864 shares valued at approximately $2.5 million in the first quarter.
• Several institutional investors, including Olde Wealth Management and Bayforest Capital, have recently made significant changes to their holdings in D.R. Horton.
• D.R. Horton reported $3.36 EPS for the last quarter, exceeding estimates, with a revenue of $9.23 billion, despite a year-over-year decline.

Caxton Associates LLP purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,864 shares of the construction company's stock, valued at approximately $2,525,000.

A number of other large investors have also bought and sold shares of DHI. Allspring Global Investments Holdings LLC grew 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 during the last quarter. Pacer Advisors Inc. boosted its position in 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 buying an additional 1,655,309 shares during the last quarter. GAMMA Investing LLC boosted its position in D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after buying an additional 911,960 shares during the last quarter. Two Sigma Investments LP boosted its position in D.R. Horton by 1,838.0% in the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after buying an additional 832,358 shares during the last quarter. Finally, Amundi boosted its position in D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company's stock valued at $266,811,000 after buying an additional 817,998 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Down 1.7%

D.R. Horton stock traded down $3.15 during mid-day trading on Friday, hitting $177.86. 2,368,958 shares of the company's stock were exchanged, compared to its average volume of 3,777,226. The firm has a market capitalization of $53.02 billion, a P/E ratio of 14.26, a PEG ratio of 3.73 and a beta of 1.36. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. 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's 50 day simple moving average is $155.37 and its 200-day simple moving average is $135.38.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The firm's revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

Analysts Set New Price Targets

A number of brokerages have commented on DHI. Royal Bank Of Canada increased their price objective 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wedbush raised their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company raised their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $154.38.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction on 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 in the company, valued at $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 sold 34,526 shares of company stock valued at $6,173,403 over the last three months. Company insiders own 0.54% of the company's stock.

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.