Empowered Funds LLC Acquires 15,934 Shares of D.R. Horton, Inc. $DHI

Key Points

• Empowered Funds LLC increased its stake in D.R. Horton, acquiring an additional 15,934 shares, bringing its total holdings to 122,786 shares valued at approximately $15.6 million.
• D.R. Horton reported $3.36 earnings per share for the last quarter, exceeding expectations, with revenue of $9.23 billion, despite a 7.4% year-over-year decline.
• Several analysts have recently adjusted their price targets for D.R. Horton, with suggestions ranging from a low of $105 to a high of $190, indicating varied confidence in the company's performance.

Empowered Funds LLC increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 14.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 122,786 shares of the construction company's stock after purchasing an additional 15,934 shares during the period. Empowered Funds LLC's holdings in D.R. Horton were worth $15,610,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of D.R. Horton by 652.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after acquiring an additional 1,718,094 shares during the period. Pacer Advisors Inc. grew its holdings in D.R. Horton by 4,630.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after acquiring an additional 1,655,309 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the last quarter. Two Sigma Investments LP lifted its stake in D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after buying an additional 832,358 shares during the period. Finally, Amundi grew its holdings in D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company's stock valued at $266,811,000 after purchasing an additional 817,998 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares of the company's stock, valued at $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,526 shares of company stock worth $6,173,403. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wedbush upped their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. UBS Group upped their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $154.38.

D.R. Horton Stock Down 1.7%

NYSE:DHI traded down $3.15 on Friday, hitting $177.86. The stock had a trading volume of 2,368,958 shares, compared to its average volume of 3,777,226. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The business's fifty day moving average is $155.37 and its 200 day moving average is $135.38. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The company has a market cap of $53.02 billion, a PE ratio of 14.26, a P/E/G ratio of 3.73 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

D.R. Horton 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.