Gitterman Wealth Management LLC Buys New Position in D.R. Horton, Inc. $DHI

Key Points

• Gitterman Wealth Management LLC has acquired a new position in D.R. Horton, purchasing 2,607 shares valued at approximately $332,000 during the first quarter.
• The company's stock is currently trading at around $161.56 with a market cap of $48.16 billion, and its price-to-earnings ratio sits at 12.96.
• D.R. Horton recently announced a quarterly dividend of $0.40 per share, representing an annual yield of 1.0% and a payout ratio of 12.83%.

Gitterman Wealth Management LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,607 shares of the construction company's stock, valued at approximately $332,000.

A number of other large investors have also recently made changes to their positions in DHI. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter valued at $26,000. Bayforest Capital Ltd raised its position in D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in D.R. Horton during the 1st quarter valued at $34,000. Itau Unibanco Holding S.A. bought a new stake in D.R. Horton during the 4th quarter valued at $43,000. Finally, Alpine Bank Wealth Management bought a new stake in D.R. Horton during the 1st quarter valued at $61,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on DHI. Wells Fargo & Company lifted their target price on D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price 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. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Wedbush lifted their price target on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, UBS Group lifted their price target on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Up 5.5%

Shares of NYSE:DHI traded up $8.8910 on Friday, reaching $170.7610. The company had a trading volume of 6,110,693 shares, compared to its average volume of 3,984,224. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The firm's 50 day simple moving average is $142.34 and its 200-day simple moving average is $131.06. The firm has a market capitalization of $50.91 billion, a PE ratio of 13.69, a PEG ratio of 3.63 and a beta of 1.34. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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. 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 for the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the business posted $4.10 EPS. The business's revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

D.R. Horton Company 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.