APG Asset Management N.V. Decreases Stake in D.R. Horton, Inc. $DHI

Key Points

• APG Asset Management N.V. has decreased its holdings in D.R. Horton, Inc. by 6.9%, now owning approximately 0.06% of the company valued at $20.78 million.
• D.R. Horton reported earnings of $3.36 per share for the most recent quarter, exceeding analyst expectations and providing revenue of $9.23 billion, although down 7.4% year-over-year.
• UBS Group has raised its target price for D.R. Horton from $176 to $187, indicating an optimistic outlook as multiple analysts assign various ratings including "buy" and "hold."

APG Asset Management N.V. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,528 shares of the construction company's stock after selling 13,115 shares during the period. APG Asset Management N.V. owned about 0.06% of D.R. Horton worth $20,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. grew its stake in shares of D.R. Horton by 1,710.0% in the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after buying an additional 101,643 shares in the last quarter. MQS Management LLC purchased a new position in D.R. Horton in the 1st quarter valued at approximately $1,132,000. Leavell Investment Management Inc. boosted 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 during the period. Exchange Traded Concepts LLC boosted 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 during the period. Finally, Bank Pictet & Cie Europe AG boosted 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 during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI traded up $1.48 during mid-day trading on Thursday, reaching $168.98. 2,539,008 shares of the company's stock were exchanged, compared to its average volume of 3,813,798. 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 capitalization of $50.37 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 3.58 and a beta of 1.34. The business's fifty day simple moving average is $146.10 and its 200-day simple moving average is $132.11. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the firm posted $4.10 earnings per share. The company'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, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio is 12.83%.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The stock was 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 $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented 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 research report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company 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 report on Sunday, July 20th. Finally, Wedbush increased 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 report on Wednesday, July 23rd. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, D.R. Horton has an average rating of "Hold" and a consensus target price of $153.23.

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.