Forvis Mazars Wealth Advisors LLC Boosts Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• Forvis Mazars Wealth Advisors LLC significantly increased its holdings in D.R. Horton, acquiring an additional 6,640 shares and raising its position by 38.3%, bringing its total to 23,968 shares valued at $3,047,000.
• D.R. Horton reported earnings per share of $3.36 for the quarter, surpassing analysts' expectations of $2.90, although revenue declined by 7.4% year-over-year.
• The company has seen extensive interest from institutional investors, who currently own 90.63% of its stock, with multiple firms adjusting their price targets for the shares.

Forvis Mazars Wealth Advisors LLC boosted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 38.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,968 shares of the construction company's stock after purchasing an additional 6,640 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in D.R. Horton were worth $3,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock worth $4,279,706,000 after acquiring an additional 642,642 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of D.R. Horton by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock valued at $446,093,000 after purchasing an additional 33,412 shares during the last quarter. Northern Trust Corp raised its holdings in shares of D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock worth $471,899,000 after buying an additional 460,804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of D.R. Horton by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock worth $374,312,000 after buying an additional 476,816 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in D.R. Horton by 23.1% in the first quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock valued at $320,421,000 after buying an additional 472,382 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Keefe, Bruyette & Woods boosted their target price on 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. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wedbush boosted 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. UBS Group lifted their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. One equities 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. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Stock Down 3.0%

Shares of DHI traded down $4.9610 during trading hours on Wednesday, reaching $163.1490. The stock had a trading volume of 3,694,595 shares, compared to its average volume of 3,813,296. The firm has a 50-day simple moving average of $139.91 and a 200 day simple moving average of $130.54. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $48.64 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 3.50 and a beta of 1.34.

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

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given 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 dividend payout ratio (DPR) is presently 12.83%.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction that occurred 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 directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

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.