D.R. Horton, Inc. (NYSE:DHI) Stake Raised by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC increased its holdings in D.R. Horton, Inc. by 77.6% in the first quarter, bringing its total shares to 7,351, valued at approximately $935,000.
• D.R. Horton recently declared a quarterly dividend of $0.40, which will be paid on August 14th, representing an annual yield of 1.1%.
• The company's stock has shown notable performance, with shares trading at $150.23, while its 52-week range is between $110.44 and $199.85.

Blueshift Asset Management LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 77.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,351 shares of the construction company's stock after purchasing an additional 3,213 shares during the quarter. Blueshift Asset Management LLC's holdings in D.R. Horton were worth $935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock valued at $1,009,077,000 after purchasing an additional 127,606 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock valued at $485,984,000 after purchasing an additional 72,161 shares during the period. Northern Trust Corp raised its stake in shares of D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after purchasing an additional 460,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of D.R. Horton by 21.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock valued at $374,312,000 after purchasing an additional 476,816 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of D.R. Horton by 34.0% during the fourth quarter. First Trust Advisors LP now owns 2,133,159 shares of the construction company's stock valued at $298,258,000 after purchasing an additional 540,737 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of NYSE DHI traded up $7.39 during midday trading on Friday, reaching $150.23. 7,146,625 shares of the company traded hands, compared to its average volume of 4,724,252. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The stock has a 50-day moving average price of $130.51 and a 200 day moving average price of $129.45. 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 company has a market cap of $44.79 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 3.04 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 earnings per share for the quarter, beating 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 analysts' expectations of $8.80 billion. During the same period in the previous year, the business earned $4.10 earnings per share. The company's revenue was down 7.4% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be given a $0.40 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.1%. D.R. Horton's payout ratio is 12.83%.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were 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 approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on DHI shares. 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 on the stock in a research note on Tuesday, April 15th. JMP Securities decreased their price target on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. Bank of America decreased their price target on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wells Fargo & Company raised their price target 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. Finally, Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $153.23.

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.