Dimensional Fund Advisors LP Purchases 33,412 Shares of D.R. Horton, Inc. $DHI

Key Points

• Dimensional Fund Advisors LP increased its stake in D.R. Horton, owning approximately 1.14% of the company, valued at $446 million, after acquiring additional shares during the first quarter.
• D.R. Horton recently reported earnings of $3.36 per share, exceeding analysts' expectations of $2.90, despite year-over-year revenue declining by 7.4% to $9.23 billion.
• The company declared a quarterly dividend of $0.40 per share, with a current dividend yield of 1.0% and a payout ratio of 12.83%.

Dimensional Fund Advisors LP lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,509,407 shares of the construction company's stock after purchasing an additional 33,412 shares during the quarter. Dimensional Fund Advisors LP owned 1.14% of D.R. Horton worth $446,093,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DHI. Bank Pictet & Cie Europe AG lifted its position in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares in the last quarter. Townsquare Capital LLC increased its holdings in D.R. Horton by 8.5% during the fourth quarter. Townsquare Capital LLC now owns 8,350 shares of the construction company's stock worth $1,167,000 after buying an additional 652 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in D.R. Horton by 18.6% during the fourth quarter. CreativeOne Wealth LLC now owns 4,621 shares of the construction company's stock worth $646,000 after buying an additional 725 shares during the last quarter. Gabelli Funds LLC increased its holdings in D.R. Horton by 64.3% during the fourth quarter. Gabelli Funds LLC now owns 11,500 shares of the construction company's stock worth $1,608,000 after buying an additional 4,500 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in D.R. Horton during the fourth quarter worth $381,000. Institutional investors own 90.63% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the company'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 of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Stock Performance

Shares of DHI stock traded down $4.4630 on Wednesday, hitting $163.6470. The company's stock had a trading volume of 2,412,045 shares, compared to its average volume of 3,804,658. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The stock's 50 day moving average is $139.91 and its 200-day moving average is $130.54. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a market capitalization of $48.79 billion, a PE ratio of 13.13, a PEG ratio of 3.50 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the company posted $4.10 earnings per share. D.R. Horton's 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 expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton's dividend payout ratio is 12.83%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DHI. UBS Group boosted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wedbush boosted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. 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 report on Thursday, July 24th. Finally, Royal Bank Of Canada upped 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. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $153.23.

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.