Panagora Asset Management Inc. Acquires 79,918 Shares of D.R. Horton, Inc. $DHI

Key Points

• Panagora Asset Management increased its stake in D.R. Horton, Inc. by 29.8%, owning 348,250 shares worth approximately $44.27 million at the end of the first quarter.
• D.R. Horton reported a quarterly revenue of $9.23 billion, surpassing analysts' expectations of $8.80 billion, though it marked a 7.4% decline year-over-year.
• The company declared a quarterly dividend of $0.40, contributing to an annualized dividend yield of 0.9%, with a payout ratio of 12.83%.

Panagora Asset Management Inc. boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 29.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 348,250 shares of the construction company's stock after buying an additional 79,918 shares during the period. Panagora Asset Management Inc. owned approximately 0.11% of D.R. Horton worth $44,273,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DHI. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the first quarter worth approximately $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 worth $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC acquired a new stake in D.R. Horton during the 1st quarter worth approximately $34,000. Itau Unibanco Holding S.A. bought a new stake in D.R. Horton in the 4th quarter valued at $43,000. Finally, Alpine Bank Wealth Management acquired a new position in D.R. Horton in the 1st quarter valued at $61,000. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the company'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 transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

DHI has been the subject of a number of recent research reports. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Wells Fargo & Company boosted their price target on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday. UBS Group increased their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Finally, Wedbush upped their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. One 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 issued a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus target price of $154.38.

D.R. Horton Price Performance

NYSE:DHI traded up $0.77 during trading hours on Tuesday, hitting $170.25. The company's stock had a trading volume of 3,264,948 shares, compared to its average volume of 3,541,768. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. 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 fifty day simple moving average of $148.64 and a 200-day simple moving average of $132.97. The company has a market capitalization of $50.76 billion, a P/E ratio of 13.65, a PEG ratio of 3.60 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the firm earned $4.10 earnings per share. The business's quarterly revenue 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. On average, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

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.