Bellwether Advisors LLC Buys 8,763 Shares of D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Bellwether Advisors LLC increased its stake in D.R. Horton by 136.8% in the first quarter, owning a total of 15,171 shares worth approximately $1.93 million.
• D.R. Horton reported a quarterly EPS of $3.36, surpassing analysts' expectations, with quarterly revenue of $9.23 billion, though showing a 7.4% decline year-over-year.
• The company has declared a quarterly dividend of $0.40 per share, reflecting an annualized yield of 1.10%, with a payout ratio of 12.83%.

Bellwether Advisors LLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 136.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,171 shares of the construction company's stock after acquiring an additional 8,763 shares during the quarter. Bellwether Advisors LLC's holdings in D.R. Horton were worth $1,929,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton in the first quarter valued at about $26,000. Nemes Rush Group LLC increased its holdings in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in D.R. Horton during the fourth quarter worth about $43,000. Oarsman Capital Inc. increased its holdings in D.R. Horton by 146.7% during the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after buying an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in D.R. Horton during the fourth quarter worth about $54,000. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

DHI has been the subject of a number of research analyst reports. Bank of America decreased their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JPMorgan Chase & Co. cut their target price on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company increased their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. BTIG Research cut their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Finally, Barclays cut their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Trading Up 0.1%

NYSE:DHI traded up $0.08 during midday trading on Thursday, reaching $143.39. 1,797,058 shares of the stock traded hands, compared to its average volume of 3,782,765. The company has a fifty day moving average of $129.40 and a 200 day moving average of $129.36. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The stock has a market capitalization of $42.75 billion, a P/E ratio of 11.51, a PEG ratio of 3.20 and a beta of 1.38.

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 business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the business earned $4.10 EPS. The company's revenue for the quarter was down 7.4% on a year-over-year basis. On average, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 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.