Erste Asset Management GmbH Increases Position in D.R. Horton, Inc. $DHI

Key Points

• Erste Asset Management GmbH increased its stake in D.R. Horton by 21.2%, acquiring a total of 68,640 shares valued at approximately $8.73 million.
• D.R. Horton's recent quarterly earnings report showed an EPS of $3.36, surpassing the expected $2.90, while revenue was $9.23 billion, exceeding analyst predictions.
• The company announced a quarterly dividend of $0.40 per share, yielding an annualized rate of 1.0%, with a payout ratio of 12.83%.

Erste Asset Management GmbH boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 21.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,640 shares of the construction company's stock after acquiring an additional 12,000 shares during the period. Erste Asset Management GmbH's holdings in D.R. Horton were worth $8,726,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Horizon Investments LLC increased its holdings in D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after purchasing an additional 83 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after purchasing an additional 89 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in D.R. Horton by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in D.R. Horton by 2.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after purchasing an additional 98 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in 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 purchasing an additional 100 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was 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. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DHI shares. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Royal Bank Of Canada boosted their target price on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. Wedbush boosted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, UBS Group boosted their price objective on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Down 0.8%

Shares of NYSE DHI traded down $1.40 during midday trading on Monday, hitting $169.28. 2,547,552 shares of the stock traded hands, compared to its average volume of 3,818,854. The company has a market cap of $50.47 billion, a PE ratio of 13.57, a P/E/G ratio of 3.63 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 business has a 50 day moving average price of $142.34 and a two-hundred day moving average price of $131.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

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

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a dividend of $0.40 per share. 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 is 12.83%.

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.