AQR Capital Management LLC Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• AQR Capital Management increased its stake in D.R. Horton by 81.8%, now holding 454,074 shares valued at approximately $57 million.
• Multiple hedge funds have also raised their positions in D.R. Horton, with institutional investors owning 90.63% of the company's stock.
• D.R. Horton reported earnings of $3.36 per share for the latest quarter, exceeding estimates, with a revenue of $9.23 billion, although this reflects a 7.4% decline compared to the previous year.

AQR Capital Management LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 81.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 454,074 shares of the construction company's stock after purchasing an additional 204,290 shares during the period. AQR Capital Management LLC owned 0.15% of D.R. Horton worth $57,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Olde Wealth Management LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at approximately $26,000. Bayforest Capital Ltd grew its holdings in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter worth $34,000. Alpine Bank Wealth Management acquired a new position in D.R. Horton in the first quarter valued at about $61,000. Finally, Continuum Advisory LLC lifted its position in D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares during the period. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

DHI has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wedbush raised their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company lifted 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, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $154.38.

D.R. Horton Trading Down 1.7%

DHI stock traded down $3.15 during midday trading on Friday, hitting $177.86. The stock had a trading volume of 2,368,958 shares, compared to its average volume of 3,510,389. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The firm has a market cap of $53.02 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 3.84 and a beta of 1.36. The business has a fifty day moving average price of $156.28 and a two-hundred day moving average price of $135.69. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $8.80 billion. During the same period in the prior year, the firm earned $4.10 earnings per share. D.R. Horton's 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, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Activity

In related news, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This represents a 3.55% 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, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock worth $6,173,403 over the last three months. 0.54% of the stock is currently owned by insiders.

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.