D.R. Horton, Inc. $DHI Shares Purchased by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in D.R. Horton, Inc. by 18.4%, owning 11,369 shares valued at approximately $1.45 million.
• The company reported $3.36 EPS for its latest quarter, exceeding estimates and experiencing a 7.4% revenue decline year-over-year.
• D.R. Horton announced a quarterly dividend of $0.40 per share, indicating a 0.9% dividend yield with a payout ratio of 12.83%.

Nomura Holdings Inc. increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,369 shares of the construction company's stock after purchasing an additional 1,765 shares during the period. Nomura Holdings Inc.'s holdings in D.R. Horton were worth $1,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock worth $4,279,706,000 after purchasing an additional 642,642 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of D.R. Horton by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock worth $446,093,000 after purchasing an additional 33,412 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of D.R. Horton by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock worth $374,312,000 after purchasing an additional 476,816 shares during the last quarter. Invesco Ltd. raised its position in shares of D.R. Horton by 23.1% during the 1st quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock worth $320,421,000 after purchasing an additional 472,382 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after purchasing an additional 1,718,094 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

D.R. Horton stock opened at $170.25 on Wednesday. The firm has a 50 day simple moving average of $148.64 and a 200-day simple moving average of $132.97. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year 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 market cap of $50.76 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 3.60 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $8.80 billion. During the same period in the prior year, the business posted $4.10 EPS. The business's revenue for the quarter 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. On average, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders 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 was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research 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 upped their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, UBS Group upped their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. One equities 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $154.38.

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.

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