Mader & Shannon Wealth Management Inc. Raises Stake in D.R. Horton, Inc. (NYSE:DHI)

Mader & Shannon Wealth Management Inc. raised its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,579 shares of the construction company's stock after acquiring an additional 2,224 shares during the quarter. D.R. Horton makes up about 1.6% of Mader & Shannon Wealth Management Inc.'s investment portfolio, making the stock its 13th largest holding. Mader & Shannon Wealth Management Inc.'s holdings in D.R. Horton were worth $2,870,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG lifted its stake in shares of D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after buying an additional 5,052 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of D.R. Horton by 59.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock worth $263,000 after buying an additional 701 shares during the last quarter. Sciencast Management LP lifted its stake in shares of D.R. Horton by 29.0% during the 4th quarter. Sciencast Management LP now owns 5,030 shares of the construction company's stock worth $703,000 after buying an additional 1,130 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of D.R. Horton by 45.3% during the 4th quarter. Mizuho Securities USA LLC now owns 27,639 shares of the construction company's stock worth $3,864,000 after buying an additional 8,611 shares during the last quarter. Finally, Plancorp LLC lifted its stake in shares of D.R. Horton by 15.9% during the 4th quarter. Plancorp LLC now owns 1,991 shares of the construction company's stock worth $278,000 after buying an additional 273 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $22.09 during midday trading on Tuesday, hitting $153.31. 13,093,025 shares of the company traded hands, compared to its average volume of 3,213,576. The firm's fifty day moving average price is $126.01 and its 200-day moving average price is $128.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a market cap of $47.09 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 4.13 and a beta of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results 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 12.15% and a return on equity of 16.95%. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the company earned $4.10 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DHI has been the subject of several analyst reports. Royal Bank Of Canada dropped their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Bank of America dropped 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 research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Finally, JPMorgan Chase & Co. dropped their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $151.15.

About D.R. Horton

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.