Corient IA LLC Acquires New Stake in D.R. Horton, Inc. $DHI

Key Points

• Corient IA LLC invested approximately $381,000 to acquire 3,000 shares of D.R. Horton, Inc., reflecting a growing interest from institutional investors in the company.
• D.R. Horton reported an earnings per share of $3.36 for the last quarter, exceeding analyst estimates of $2.90, with a revenue of $9.23 billion.
• The company declared a quarterly dividend of $0.40, resulting in an annualized dividend yield of 1.0% and a payout ratio of 12.83%.

Corient IA LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the construction company's stock, valued at approximately $381,000.

Several other hedge funds have also recently modified their holdings of DHI. Bank Pictet & Cie Europe AG increased its holdings in shares of D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after acquiring an additional 5,052 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of D.R. Horton during the fourth quarter valued at about $381,000. NewEdge Advisors LLC boosted its position in D.R. Horton by 2.7% in the fourth quarter. NewEdge Advisors LLC now owns 16,668 shares of the construction company's stock valued at $2,331,000 after buying an additional 436 shares during the last quarter. Capital International Sarl boosted its position in D.R. Horton by 22.2% in the fourth quarter. Capital International Sarl now owns 3,229 shares of the construction company's stock valued at $451,000 after buying an additional 586 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in D.R. Horton by 17.4% in the fourth quarter. GeoWealth Management LLC now owns 5,575 shares of the construction company's stock valued at $779,000 after buying an additional 827 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group upped their target price 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wedbush upped their target price 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. Royal Bank Of Canada upped their target price 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. Finally, Wells Fargo & Company upped their target price on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Stock Performance

D.R. Horton stock traded up $8.8910 during mid-day trading on Friday, hitting $170.7610. The company had a trading volume of 6,110,693 shares, compared to its average volume of 3,866,207. The company has a current ratio of 7.06, a quick ratio of 1.19 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 $199.85. The company's fifty day moving average is $142.34 and its 200-day moving average is $131.14. The company has a market capitalization of $50.91 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 3.44 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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. 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 analyst estimates of $8.80 billion. During the same quarter in the prior year, the firm posted $4.10 EPS. The business'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. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

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.