EverSource Wealth Advisors LLC Has $5.16 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• EverSource Wealth Advisors LLC increased its stake in D.R. Horton, Inc. by 4.2% in the first quarter, holding 40,581 shares valued at approximately $5.16 million.
• The company's stock has seen significant interest from institutional investors, with 90.63% of shares currently owned by them, indicating strong market support.
• D.R. Horton recently reported earnings of $3.36 per share, surpassing expectations and marking a revenue of $9.23 billion for the quarter despite a 7.4% decline compared to last year.

EverSource Wealth Advisors LLC grew its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,581 shares of the construction company's stock after buying an additional 1,650 shares during the quarter. EverSource Wealth Advisors LLC's holdings in D.R. Horton were worth $5,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. lifted its holdings in shares of D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after buying an additional 101,643 shares during the last quarter. MQS Management LLC bought a new position in shares of D.R. Horton in the 1st quarter valued at approximately $1,132,000. Leavell Investment Management Inc. raised its stake in shares of D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock valued at $423,000 after acquiring an additional 549 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of D.R. Horton by 25.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after acquiring an additional 511 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG raised its stake in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after acquiring an additional 5,052 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $164.07 on Friday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The firm has a market capitalization of $48.91 billion, a PE ratio of 13.16, a PEG ratio of 3.51 and a beta of 1.34. The business's 50 day moving average is $137.33 and its 200-day moving average is $130.15. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm earned $4.10 EPS. D.R. Horton's revenue for the quarter was down 7.4% compared to the same quarter last year. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's payout ratio is currently 12.83%.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Wedbush raised their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" 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 Finally, Wells Fargo & Company raised their price objective on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $153.23.

About D.R. Horton

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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