FJ Capital Management LLC Takes Position in D.R. Horton, Inc. $DHI

Key Points

• FJ Capital Management LLC has acquired a new position in D.R. Horton, purchasing 12,719 shares valued at approximately $1.6 million in the first quarter.
• Wall Street analysts have varied ratings on D.R. Horton, with targets ranging from $105 to $187 and an average rating of "Hold".
• D.R. Horton recently reported earnings of $3.36 EPS for the quarter, exceeding expectations, despite a 7.4% year-over-year revenue decline.

FJ Capital Management LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,719 shares of the construction company's stock, valued at approximately $1,617,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd increased its position in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton in the first quarter worth $34,000. Alpine Bank Wealth Management bought a new position in D.R. Horton in the first quarter valued at about $61,000. Finally, Continuum Advisory LLC grew its holdings in shares of D.R. Horton by 25.8% during 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 during the last quarter. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DHI shares. Royal Bank Of Canada increased their price target 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. UBS Group raised 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Keefe, Bruyette & Woods lifted their price target on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday. One research 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $154.38.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

D.R. Horton Trading Up 1.1%

DHI traded up $1.87 during trading on Wednesday, hitting $172.13. 3,182,110 shares of the stock were exchanged, compared to its average volume of 3,541,768. The firm has a 50 day simple moving average of $149.53 and a 200 day simple moving average of $133.24. The firm has a market cap of $51.31 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 3.60 and a beta of 1.36. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85. 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 released 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. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company's revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect 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. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

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.