Crake Asset Management LLP Invests $30.13 Million in D.R. Horton, Inc. $DHI

Key Points

• Crake Asset Management LLP has acquired 237,011 shares of D.R. Horton, Inc., valued at approximately $30.1 million, making it the firm's 10th largest position.
• D.R. Horton announced quarterly earnings of $3.36 per share, exceeding estimates, despite a revenue decrease of 7.4% compared to the previous year.
• The company declared a quarterly dividend of $0.40 per share, reflecting a 0.9% yield, with a low payout ratio of 12.83%.

Crake Asset Management LLP acquired a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 237,011 shares of the construction company's stock, valued at approximately $30,131,000. D.R. Horton comprises 2.4% of Crake Asset Management LLP's portfolio, making the stock its 10th biggest holding. Crake Asset Management LLP owned 0.08% of D.R. Horton at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DHI. Bank Pictet & Cie Europe AG lifted its holdings in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after acquiring an additional 5,052 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in D.R. Horton by 3.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after buying an additional 98 shares in the last quarter. Algert Global LLC lifted its holdings in D.R. Horton by 16.6% during the 4th quarter. Algert Global LLC now owns 26,895 shares of the construction company's stock worth $3,760,000 after buying an additional 3,824 shares in the last quarter. Caxton Associates LP lifted its holdings in D.R. Horton by 243.4% during the 4th quarter. Caxton Associates LP now owns 5,261 shares of the construction company's stock worth $736,000 after buying an additional 3,729 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in D.R. Horton by 1.0% during the 4th quarter. Captrust Financial Advisors now owns 66,471 shares of the construction company's stock worth $9,294,000 after buying an additional 676 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Down 3.3%

Shares of NYSE DHI traded down $6.02 during mid-day trading on Tuesday, reaching $178.02. The company had a trading volume of 2,135,667 shares, compared to its average volume of 3,784,118. 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 firm has a 50 day simple moving average of $152.69 and a two-hundred day simple moving average of $134.41. The stock has a market cap of $53.07 billion, a P/E ratio of 14.27, a PEG ratio of 3.87 and a beta of 1.36. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

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

D.R. Horton Dividend Announcement

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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DHI shares. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Royal Bank Of Canada raised their price objective on shares of 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 raised their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Keefe, Bruyette & Woods raised their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, UBS Group raised their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $154.38.

D.R. Horton Company 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.