Greenhaven Associates Inc. Purchases 6,300 Shares of D.R. Horton, Inc. $DHI

Key Points

• Greenhaven Associates Inc. has increased its stake in D.R. Horton, owning a total of approximately 3.68 million shares, which now accounts for about 7.1% of its holdings, valued at around $474.6 million.
• Multiple research firms have raised their price targets for D.R. Horton, with UBS increasing its target to $187 and Wells Fargo to $190, indicating a generally positive outlook on the stock.
• D.R. Horton also announced a quarterly dividend of $0.40 per share, providing an annualized yield of 0.9% and reflecting a dividend payout ratio of 12.83%.

Greenhaven Associates Inc. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,681,063 shares of the construction company's stock after acquiring an additional 6,300 shares during the quarter. D.R. Horton accounts for about 7.1% of Greenhaven Associates Inc.'s holdings, making the stock its 6th largest position. Greenhaven Associates Inc. owned approximately 1.20% of D.R. Horton worth $474,563,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Apella Capital LLC increased its stake in D.R. Horton by 1.8% in the 2nd quarter. Apella Capital LLC now owns 8,509 shares of the construction company's stock valued at $1,114,000 after buying an additional 149 shares during the period. Parallel Advisors LLC increased its stake in D.R. Horton by 7.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,474 shares of the construction company's stock valued at $319,000 after buying an additional 180 shares during the period. Trust Co. of Oklahoma increased its stake in D.R. Horton by 12.2% in the 2nd quarter. Trust Co. of Oklahoma now owns 3,182 shares of the construction company's stock valued at $410,000 after buying an additional 345 shares during the period. Somerset Trust Co increased its stake in D.R. Horton by 4.8% in the 2nd quarter. Somerset Trust Co now owns 2,988 shares of the construction company's stock valued at $385,000 after buying an additional 136 shares during the period. Finally, Zevenbergen Capital Investments LLC acquired a new position in D.R. Horton in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DHI. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research note on Wednesday, July 23rd. Wedbush upped their price objective 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. UBS Group upped their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the stock 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 given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $154.38.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 1,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the transaction, the director directly owned 1,193 shares in the company, valued at $215,622.82. This represents a 45.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction 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 transaction, the senior vice president owned 6,457 shares of the company's stock, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,526 shares of company stock valued at $6,173,403. Company insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

DHI stock opened at $177.86 on Monday. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $156.28 and a two-hundred day moving average of $135.81. The company has a market capitalization of $53.02 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 3.77 and a beta of 1.36. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85.

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 (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The business 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%. D.R. Horton's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed 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 dividend 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%.

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.

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