Vanguard Group Inc. Increases Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Vanguard Group Inc. increased its shares in D.R. Horton by 1.9%, owning approximately 10.96% of the company valued at over $4.27 billion as of the latest SEC filing.
• D.R. Horton recently reported earnings of $3.36 EPS, surpassing estimates, with revenues of $9.23 billion, despite a 7.4% year-over-year decline.
• The company announced a quarterly dividend of $0.40 per share, representing an annual yield of 1.0% and a payout ratio of 12.83%.

Vanguard Group Inc. lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,664,013 shares of the construction company's stock after purchasing an additional 642,642 shares during the quarter. Vanguard Group Inc. owned 10.96% of D.R. Horton worth $4,279,706,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton during the 1st quarter worth $26,000. Bayforest Capital Ltd raised its position in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton in the fourth quarter worth approximately $43,000. Alpine Bank Wealth Management acquired a new position in shares of D.R. Horton in the first quarter worth approximately $61,000. Finally, Continuum Advisory LLC lifted its stake in shares of D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after acquiring an additional 100 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JMP Securities cut their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. Bank of America cut their price objective on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. BTIG Research cut their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note 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 price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $153.23.

D.R. Horton Stock Performance

D.R. Horton stock traded up $2.46 during mid-day trading on Friday, reaching $156.35. 3,547,007 shares of the company's stock were exchanged, compared to its average volume of 4,761,154. The business's fifty day simple moving average is $134.10 and its 200 day simple moving average is $129.61. The firm has a market capitalization of $46.61 billion, a PE ratio of 12.54, a P/E/G ratio of 3.32 and a beta of 1.34. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. D.R. Horton's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $4.10 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton's payout ratio is presently 12.83%.

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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

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.