CreativeOne Wealth LLC Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• CreativeOne Wealth LLC increased its stake in D.R. Horton by 128.7%, holding 10,569 shares valued at $1.34 million after acquiring an additional 5,948 shares during the first quarter.
• D.R. Horton reported quarterly earnings of $3.36 EPS, exceeding analysts' estimates, despite a 7.4% decline in revenue year-over-year, totaling $9.23 billion.
• The company announced a quarterly dividend of $0.40 per share, representing a 0.9% yield on an annualized basis.

CreativeOne Wealth LLC grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 128.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,569 shares of the construction company's stock after buying an additional 5,948 shares during the quarter. CreativeOne Wealth LLC's holdings in D.R. Horton were worth $1,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased 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 purchasing an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. increased 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 acquiring an additional 1,655,309 shares during the period. GAMMA Investing LLC increased 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 acquiring an additional 911,960 shares during the period. Two Sigma Investments LP increased 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 acquiring an additional 832,358 shares during the period. Finally, Nuveen LLC acquired a new position in D.R. Horton in the 1st quarter valued at approximately $98,382,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on DHI. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. UBS Group upped their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Keefe, Bruyette & Woods upped 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 research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus target price of $154.38.

D.R. Horton Stock Up 1.5%

DHI traded up $2.48 during trading on Wednesday, hitting $172.74. 1,899,922 shares of the company's stock were exchanged, compared to its average volume of 3,789,259. 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 business's 50 day moving average is $148.64 and its two-hundred day moving average is $132.97. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market cap of $51.50 billion, a P/E ratio of 13.84, a PEG ratio of 3.60 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate 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 business's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors 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 yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's 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 sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.