D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Lifted by Waverton Investment Management Ltd

Waverton Investment Management Ltd increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,309 shares of the construction company's stock after buying an additional 57,310 shares during the quarter. Waverton Investment Management Ltd owned about 0.08% of D.R. Horton worth $32,700,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank Pictet & Cie Europe AG lifted its stake in D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in shares of D.R. Horton by 1.1% in the 4th quarter. Lake Street Advisors Group LLC now owns 9,940 shares of the construction company's stock valued at $1,390,000 after acquiring an additional 111 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of D.R. Horton by 3.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 119,400 shares of the construction company's stock valued at $16,695,000 after purchasing an additional 3,800 shares during the last quarter. Kovack Advisors Inc. acquired a new position in D.R. Horton during the 4th quarter valued at $601,000. Finally, Proficio Capital Partners LLC increased its position in shares of D.R. Horton by 22,199.7% during the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company's stock valued at $36,761,000 after purchasing an additional 261,735 shares during the period. Institutional investors own 90.63% of the company's stock.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director now directly owns 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 is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Barclays dropped their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Bank of America lowered 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 report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, JMP Securities reduced their price target on 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Performance

Shares of DHI stock opened at $127.17 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The firm has a market cap of $39.06 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 3.98 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The firm's 50-day simple moving average is $123.17 and its two-hundred day simple moving average is $130.25.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the business earned $3.52 earnings per share. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, May 2nd. D.R. Horton's payout ratio is 12.11%.

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.

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