UniSuper Management Pty Ltd Grows Stake in D.R. Horton, Inc. $DHI

Key Points

• UniSuper Management Pty Ltd increased its holdings in D.R. Horton, Inc. by 7.5%, acquiring 1,807 additional shares and bringing its total to 26,002 shares valued at approximately $3.3 million.
• Analysts have raised their price targets for D.R. Horton, with Wells Fargo increasing it to $190 and UBS Group to $187, reflecting a general optimism towards the company's performance.
• D.R. Horton reported a quarterly earnings per share of $3.36, exceeding the consensus estimate by $0.46, although revenue saw a 7.4% decline from the previous year.

UniSuper Management Pty Ltd lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,002 shares of the construction company's stock after acquiring an additional 1,807 shares during the quarter. UniSuper Management Pty Ltd's holdings in D.R. Horton were worth $3,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Horizon Investments LLC grew its stake in D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock valued at $708,000 after acquiring an additional 83 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in shares of D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 89 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of D.R. Horton by 2.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock valued at $470,000 after purchasing an additional 98 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after purchasing an additional 100 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of D.R. Horton by 4.2% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock valued at $322,000 after purchasing an additional 101 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president owned 6,457 shares of the company's stock, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares in the company, valued at $215,622.82. This trade represents a 45.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,526 shares of company stock valued at $6,173,403. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DHI. 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. Wells Fargo & Company boosted their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Royal Bank Of Canada boosted their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Finally, Wedbush boosted their price target on D.R. Horton from $155.00 to $170.00 and gave the stock 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 assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $154.38.

D.R. Horton Stock Down 3.4%

NYSE DHI traded down $6.09 during trading hours on Monday, hitting $171.78. The company's stock had a trading volume of 1,198,687 shares, compared to its average volume of 3,761,472. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a market capitalization of $51.21 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 3.77 and a beta of 1.36. 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 company's 50-day simple moving average is $156.28 and its two-hundred day simple moving average is $135.81.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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 net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter last year, the firm earned $4.10 EPS. The company'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. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued 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 payout ratio is 12.83%.

About D.R. Horton

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.