6,868 Shares in D.R. Horton, Inc. $DHI Acquired by DoubleLine ETF Adviser LP

Key Points

• DoubleLine ETF Adviser LP has invested $873,000 in D.R. Horton, purchasing 6,868 shares of the construction company.
• Institutional ownership of D.R. Horton stands at 90.63%, with significant stakes being increased by several hedge funds including Vanguard and Invesco.
• D.R. Horton recently reported quarterly earnings of $3.36 per share, exceeding estimates and marking a 7.4% year-over-year revenue decrease.

DoubleLine ETF Adviser LP bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,868 shares of the construction company's stock, valued at approximately $873,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Olde Wealth Management LLC purchased a new stake in D.R. Horton in the 1st quarter worth $26,000. Bayforest Capital Ltd increased its holdings in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in D.R. Horton in the 1st quarter worth $34,000. Alpine Bank Wealth Management purchased a new stake in D.R. Horton in the 1st quarter worth $61,000. Finally, Continuum Advisory LLC increased its holdings in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Stock Up 1.3%

Shares of NYSE DHI traded up $2.41 during midday trading on Monday, hitting $184.21. The company's stock had a trading volume of 3,664,211 shares, compared to its average volume of 3,794,427. The business's fifty day simple moving average is $151.59 and its two-hundred day simple moving average is $134.00. 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, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. The firm has a market capitalization of $54.92 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 3.87 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm posted $4.10 earnings per share. The business's revenue for the quarter 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. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wedbush boosted their price target 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. UBS Group increased their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wells Fargo & Company increased their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada increased their target price 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. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus 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.