D.R. Horton, Inc. $DHI Shares Bought by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in D.R. Horton by 20.8% in the second quarter, owning 13,182 shares valued at $1.699 million.
• Several large institutional investors made significant adjustments to their positions in D.R. Horton, including an increase of 652.0% by Allspring Global Investments as well as a 4,630.6% increase by Pacer Advisors.
• D.R. Horton reported quarterly earnings of $3.36 per share, exceeding analyst expectations and showing revenue of $9.23 billion, although this represents a 7.4% decrease compared to the previous year.

Wilmington Savings Fund Society FSB lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 20.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,182 shares of the construction company's stock after acquiring an additional 2,269 shares during the period. Wilmington Savings Fund Society FSB's holdings in D.R. Horton were worth $1,699,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DHI. Allspring Global Investments Holdings LLC increased its position in shares of D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after acquiring an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of D.R. Horton by 4,630.6% in the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after acquiring an additional 1,655,309 shares in the last quarter. Amundi increased its position in shares of D.R. Horton by 60.2% in the first quarter. Amundi now owns 2,176,211 shares of the construction company's stock worth $266,811,000 after acquiring an additional 817,998 shares in the last quarter. Nuveen LLC acquired a new stake in shares of D.R. Horton in the first quarter worth $98,382,000. Finally, Vanguard Group Inc. increased its position in shares of D.R. Horton by 1.9% in the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock worth $4,279,706,000 after acquiring an additional 642,642 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $155.26 on Thursday. The firm has a market cap of $46.28 billion, a P/E ratio of 12.45, a P/E/G ratio of 3.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The firm has a fifty day moving average of $167.16 and a two-hundred day moving average of $141.42.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the business earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Insider Transactions at D.R. Horton

In other news, 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 value of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, the director owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on DHI. UBS Group raised their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Bank of America lowered their price target on shares of D.R. Horton from $175.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of 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 raised their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $156.54.

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.

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