Wellington Management Group LLP Has $44.88 Million Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Wellington Management Group LLP significantly increased its stake in D.R. Horton, acquiring 348,232 additional shares, bringing their total ownership to approximately 353,019 shares worth nearly $44.9 million.
• D.R. Horton reported an earnings per share (EPS) of $3.36 for the last quarter, exceeding analyst expectations of $2.90 and showing a 7.4% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.40 per share, amounting to an annualized dividend yield of 0.9%, with an overall payout ratio of 12.83%.

Wellington Management Group LLP lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7,274.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 353,019 shares of the construction company's stock after purchasing an additional 348,232 shares during the period. Wellington Management Group LLP owned about 0.11% of D.R. Horton worth $44,879,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Edgestream Partners L.P. lifted its position in D.R. Horton by 1,710.0% in the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after purchasing an additional 101,643 shares during the last quarter. MQS Management LLC bought a new stake in D.R. Horton in the 1st quarter valued at about $1,132,000. Leavell Investment Management Inc. grew its position in D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock valued at $423,000 after buying an additional 549 shares in the last quarter. Exchange Traded Concepts LLC grew its position in D.R. Horton by 25.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after buying an additional 511 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG grew its position in D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after buying an additional 5,052 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. UBS Group boosted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. 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 research report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Wells Fargo & Company increased their price target on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Stock Performance

D.R. Horton stock traded up $1.14 on Thursday, reaching $168.64. 1,649,105 shares of the stock were exchanged, compared to its average volume of 3,808,022. The stock has a market cap of $50.27 billion, a PE ratio of 13.52, a PEG ratio of 3.58 and a beta of 1.34. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The firm has a fifty day moving average price of $145.15 and a two-hundred day moving average price of $131.84.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly 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 company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the business posted $4.10 EPS. 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. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

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

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by company 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.