F&V Capital Management LLC Invests $8.03 Million in D.R. Horton, Inc. $DHI

Key Points

• F&V Capital Management LLC invested approximately $8.03 million in D.R. Horton, purchasing 62,270 shares, which now constitutes about 2.1% of their total holdings.
• Analysts have raised their price targets for D.R. Horton, with Wedbush increasing it from $155 to $170, while Citigroup has raised theirs from $162 to $175.
• D.R. Horton reported $3.36 earnings per share in its latest quarter, exceeding analyst expectations of $2.90, though the revenue was down 7.4% year-over-year.

F&V Capital Management LLC purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 62,270 shares of the construction company's stock, valued at approximately $8,028,000. D.R. Horton comprises approximately 2.1% of F&V Capital Management LLC's holdings, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of D.R. Horton by 2.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,141 shares of the construction company's stock worth $4,530,000 after buying an additional 890 shares during the last quarter. J2 Capital Management Inc acquired a new position in D.R. Horton in the 2nd quarter valued at about $640,000. Robeco Institutional Asset Management B.V. raised its stake in D.R. Horton by 13.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 52,301 shares of the construction company's stock valued at $6,743,000 after purchasing an additional 6,086 shares during the last quarter. Ninety One UK Ltd acquired a new position in D.R. Horton in the 2nd quarter valued at about $4,521,000. Finally, Childress Capital Advisors LLC acquired a new position in D.R. Horton in the 2nd quarter valued at about $217,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. Wedbush boosted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Citigroup boosted their target price on shares of D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Bank of America boosted their target price on shares of D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, September 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $160.00.

D.R. Horton Stock Down 0.5%

Shares of NYSE:DHI opened at $171.50 on Friday. 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, Inc. has a 1 year low of $110.44 and a 1 year high of $195.50. The stock has a market capitalization of $51.13 billion, a P/E ratio of 13.75, a PEG ratio of 3.58 and a beta of 1.40. The stock has a 50-day simple moving average of $165.27 and a 200-day simple moving average of $139.56.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $8.80 billion. During the same quarter in the previous year, the business earned $4.10 EPS. The company's revenue for the quarter 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 analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's payout ratio is presently 12.83%.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the transaction, the chairman owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by company insiders.

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.

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