Czech National Bank Boosts Stake in D.R. Horton, Inc. $DHI

Key Points

• The Czech National Bank increased its stake in D.R. Horton by 3.7%, acquiring 2,437 additional shares during the second quarter, bringing its total holdings to 67,577 shares valued at approximately $8.7 million.
• Multiple hedge funds have significantly enhanced their positions in D.R. Horton, with Allspring Global increasing its stake by 652%, and Pacer Advisors by over 4,600% in the first quarter.
• D.R. Horton reported $3.36 EPS for its latest quarter, surpassing estimates of $2.90, while experiencing a 7.4% decline in revenue year-over-year.

Czech National Bank raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,577 shares of the construction company's stock after buying an additional 2,437 shares during the quarter. Czech National Bank's holdings in D.R. Horton were worth $8,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DHI. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the first quarter worth $26,000. Bayforest Capital Ltd increased its stake in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new position in shares of D.R. Horton during the first quarter valued at $34,000. Ransom Advisory Ltd purchased a new position in D.R. Horton in the first quarter valued at about $51,000. Finally, Alpine Bank Wealth Management purchased a new position in D.R. Horton in the first quarter valued at about $61,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DHI. Royal Bank Of Canada lifted their target price 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. Keefe, Bruyette & Woods lifted their target price 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. Bank of America lifted their target price on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note 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 issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $158.23.

Insider Activity

In related news, 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 transaction of $251,808.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,526 shares of company stock worth $6,173,403 over the last quarter. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Performance

NYSE:DHI traded down $1.41 during trading hours on Friday, reaching $168.20. The company had a trading volume of 8,260,428 shares, compared to its average volume of 3,803,737. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The firm has a market cap of $50.14 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 3.60 and a beta of 1.36. The business's 50 day moving average price is $159.13 and its 200-day moving average price is $136.91. 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, beating analysts' consensus estimates 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 company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the company posted $4.10 earnings per share. D.R. Horton's revenue for the quarter was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 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.