GAMMA Investing LLC Grows Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• GAMMA Investing LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 34.8% during Q2, owning 9,722 shares valued at approximately $1.25 million.
• D.R. Horton recently announced a quarterly dividend of $0.40 per share, yielding 1.0%, with a payout ratio of 12.83%.
• The company posted a net margin of 11.46% and beat analysts' earnings expectations in its last earnings report, though revenue was down 7.4% year-over-year.

GAMMA Investing LLC grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 34.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,722 shares of the construction company's stock after buying an additional 2,511 shares during the period. GAMMA Investing LLC's holdings in D.R. Horton were worth $1,253,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DHI. Park Avenue Securities LLC acquired a new stake in D.R. Horton in the second quarter valued at approximately $3,007,000. Silver Oak Securities Incorporated boosted its position in shares of D.R. Horton by 8.7% in the 2nd quarter. Silver Oak Securities Incorporated now owns 4,367 shares of the construction company's stock worth $563,000 after purchasing an additional 351 shares in the last quarter. Adirondack Trust Co. grew its stake in D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock worth $52,000 after buying an additional 141 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in D.R. Horton by 19.5% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 30,703 shares of the construction company's stock worth $3,956,000 after buying an additional 5,000 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in D.R. Horton by 463.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 14,399 shares of the construction company's stock valued at $1,856,000 after buying an additional 11,844 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company's stock, valued at $1,181,631. The trade was a 17.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director directly owned 1,193 shares in the company, valued at $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Stock Up 1.2%

NYSE:DHI opened at $166.20 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The company's fifty day moving average price is $161.05 and its 200-day moving average price is $137.69. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The firm has a market capitalization of $49.55 billion, a P/E ratio of 13.33, a PEG ratio of 3.48 and a beta of 1.36.

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

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DHI shares. Keefe, Bruyette & Woods boosted their price target 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 report on Sunday, July 20th. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wedbush boosted their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their target price on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.23.

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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