Clough Capital Partners L P Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Clough Capital Partners L P increased its stake in D.R. Horton by 28.2%, acquiring an additional 28,980 shares, bringing their total holdings to 131,830 shares worth approximately $16.76 million.
• D.R. Horton's stock has seen varied analyst ratings, with a current average rating of "Hold" and a target price of $153.23.
• The company reported an earnings beat with an EPS of $3.36 for the last quarter, exceeding expectations by $0.46, despite a 7.4% decline in year-over-year revenue.

Clough Capital Partners L P increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,830 shares of the construction company's stock after buying an additional 28,980 shares during the period. D.R. Horton comprises approximately 2.1% of Clough Capital Partners L P's portfolio, making the stock its 14th largest position. Clough Capital Partners L P's holdings in D.R. Horton were worth $16,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Olde Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter valued at approximately $26,000. Bayforest Capital Ltd boosted its holdings in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter worth approximately $34,000. Itau Unibanco Holding S.A. purchased a new stake in shares of D.R. Horton during the 4th quarter valued at $43,000. Finally, Alpine Bank Wealth Management bought a new stake in D.R. Horton in the 1st quarter worth approximately $61,000. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on DHI. 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 note on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Royal Bank Of Canada raised their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. UBS Group lifted their price objective 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. Finally, Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $154.38.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.54% of the company's stock.

D.R. Horton Price Performance

D.R. Horton stock traded up $3.40 during midday trading on Wednesday, reaching $173.66. The company had a trading volume of 1,208,549 shares, compared to its average volume of 3,785,605. The company has a market capitalization of $51.77 billion, a P/E ratio of 13.94, a P/E/G ratio of 3.60 and a beta of 1.36. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The firm's fifty day simple moving average is $148.64 and its 200-day simple moving average is $132.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $8.80 billion. During the same quarter last year, the firm earned $4.10 EPS. The business's 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. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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 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.