Price T Rowe Associates Inc. MD Buys 1,526 Shares of D.R. Horton, Inc. $DHI

Key Points

• Price T Rowe Associates Inc. MD increased its stake in D.R. Horton by 0.4%, now owning approximately 0.14% of the company, valued at $53.1 million.
• D.R. Horton received several analyst upgrades, with UBS Group raising its price target from $176 to $187 and others also adjusting their ratings positively, reflecting a generally optimistic view of the company's prospects.
• The company reported earnings of $3.36 per share, significantly beating analyst expectations of $2.90, while also announcing a quarterly dividend of $0.40 per share with a 1.0% yield.

Price T Rowe Associates Inc. MD raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 417,728 shares of the construction company's stock after buying an additional 1,526 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.14% of D.R. Horton worth $53,107,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DHI. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth about $26,000. Bayforest Capital Ltd grew its position 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 buying an additional 194 shares during the period. Accredited Wealth Management LLC acquired a new position in shares of D.R. Horton in the 1st quarter valued at approximately $34,000. Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton in the 4th quarter valued at approximately $43,000. Finally, Alpine Bank Wealth Management acquired a new position in shares of D.R. Horton in the 1st quarter valued at approximately $61,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred 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 in the company, valued at $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective 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. UBS Group boosted their price objective on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada boosted their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Up 0.4%

NYSE:DHI traded up $0.75 during trading hours on Friday, reaching $169.66. 2,338,261 shares of the stock were exchanged, compared to its average volume of 3,948,654. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month 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 firm has a 50 day moving average of $147.01 and a 200 day moving average of $132.38. The stock has a market cap of $50.58 billion, a PE ratio of 13.61, a PEG ratio of 3.59 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the firm posted $4.10 EPS. The business'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, equities analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a dividend of $0.40 per share. The ex-dividend date 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 dividend payout ratio is currently 12.83%.

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.