Vident Advisory LLC Grows Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Vident Advisory LLC increased its holdings in D.R. Horton, Inc. by 177.3%, now owning 42,573 shares worth approximately $5.41 million as of the latest filing.
• Several institutional investors, including Allspring Global Investments and Pacer Advisors, have significantly increased their stakes, with Allspring growing its holdings by 652.0% during the first quarter.
• D.R. Horton reported an EPS of $3.36 for the recent quarter, exceeding consensus expectations, despite a 7.4% year-over-year revenue decline.

Vident Advisory LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 177.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,573 shares of the construction company's stock after buying an additional 27,222 shares during the period. Vident Advisory LLC's holdings in D.R. Horton were worth $5,412,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of 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 acquiring an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. grew its position in D.R. Horton by 4,630.6% during the 1st 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. GAMMA Investing LLC grew its position in D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the last quarter. Two Sigma Investments LP increased its stake in D.R. Horton by 1,838.0% during the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after purchasing an additional 832,358 shares in the last quarter. Finally, Nuveen LLC purchased a new position in D.R. Horton in the first quarter worth about $98,382,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction on 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. The trade was a 49.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DHI shares. Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. UBS Group increased their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on 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, Wells Fargo & Company increased their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $154.38.

D.R. Horton Stock Performance

D.R. Horton stock traded up $0.77 during mid-day trading on Tuesday, reaching $170.25. 3,264,948 shares of the stock traded hands, compared to its average volume of 3,541,768. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $199.85. The business's 50-day moving average is $148.64 and its 200-day moving average is $132.97. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The stock has a market capitalization of $50.76 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 3.60 and a beta of 1.36.

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 (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 business 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 EPS. The business's quarterly 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. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS 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. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is presently 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.