Gabelli Funds LLC Buys 5,500 Shares of D.R. Horton, Inc. $DHI

Key Points

• Gabelli Funds LLC increased its holdings in D.R. Horton, Inc. by 47.8% in Q1, now owning 17,000 shares valued at approximately $2.16 million after purchasing additional shares.
• A number of institutional investors also boosted their stakes in D.R. Horton, with Kayne Anderson Rudnick Investment Management increasing its share by 86.3% and owning 29,140 shares valued at about $3.7 million.
• D.R. Horton reported earnings of $3.36 per share, exceeding analysts' expectations of $2.90, despite a year-over-year revenue decline of 7.4% to $9.23 billion.

Gabelli Funds LLC lifted its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 47.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,000 shares of the construction company's stock after acquiring an additional 5,500 shares during the quarter. Gabelli Funds LLC's holdings in D.R. Horton were worth $2,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Olde Wealth Management LLC acquired a new position in D.R. Horton during the first quarter worth $26,000. Bayforest Capital Ltd increased its position in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after buying an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in D.R. Horton during the first quarter worth $34,000. Itau Unibanco Holding S.A. acquired a new position in D.R. Horton during the fourth quarter worth $43,000. Finally, Alpine Bank Wealth Management acquired a new position in D.R. Horton during the first quarter worth $61,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of NYSE DHI traded up $0.77 during mid-day trading on Tuesday, hitting $170.25. The company had a trading volume of 3,264,948 shares, compared to its average volume of 3,801,607. The firm has a market cap of $50.76 billion, a P/E ratio of 13.65, a PEG ratio of 3.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The business's 50-day simple moving average is $147.83 and its 200-day simple moving average is $132.71.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. 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 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, 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 company also recently disclosed 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 of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised their price target on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods raised 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. Wedbush raised their price target 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. Wells Fargo & Company raised their price target on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $154.38.

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.