Cwm LLC Has $3.21 Million Position in D.R. Horton, Inc. $DHI

Key Points

• Cwm LLC increased its holdings in D.R. Horton by 23.6% in Q2, now owning a position worth $3.21 million after purchasing additional shares.
• Several large investors, including Allspring Global Investments and Pacer Advisors, have significantly boosted their positions in D.R. Horton, reflecting increased interest from institutional investors.
• D.R. Horton recently declared a quarterly dividend of $0.40 per share, representing a yield of 1.0% with a low payout ratio of 12.83%.

Cwm LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 23.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,888 shares of the construction company's stock after buying an additional 4,755 shares during the period. Cwm LLC's holdings in D.R. Horton were worth $3,209,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DHI. Allspring Global Investments Holdings LLC boosted its position in D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the last quarter. Pacer Advisors Inc. boosted its position in D.R. Horton by 4,630.6% during the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock valued at $214,984,000 after purchasing an additional 1,655,309 shares during the last quarter. Amundi boosted its position in D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company's stock valued at $266,811,000 after purchasing an additional 817,998 shares during the last quarter. Nuveen LLC acquired a new position in D.R. Horton during the first quarter valued at approximately $98,382,000. Finally, Vanguard Group Inc. boosted its position in D.R. Horton by 1.9% during the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock valued at $4,279,706,000 after purchasing an additional 642,642 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares of the company's stock, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 32,376 shares of company stock valued at $5,898,848. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $153.54 on Friday. The stock has a market cap of $45.77 billion, a P/E ratio of 12.31, a PEG ratio of 3.18 and a beta of 1.40. The stock has a 50 day simple moving average of $167.08 and a 200 day simple moving average of $141.77. 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 1-year low of $110.44 and a 1-year high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results 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 business had revenue of $9.23 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 7.4% compared to the same quarter last year. 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. Research 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 declared 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup increased their price target on D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, October 1st. UBS Group increased their price target 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. Keefe, Bruyette & Woods upped their price objective on 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Royal Bank Of Canada upped their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average target price of $156.54.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.