HighTower Advisors LLC Has $28.94 Million Position in D.R. Horton, Inc. $DHI

Key Points

• HighTower Advisors LLC increased its stake in D.R. Horton by 10.9% in Q1, owning a total of 227,664 shares valued at approximately $28.94 million.
• Several hedge funds significantly expanded their positions in D.R. Horton, with Allspring Global Investments lifting its stake by 652% in the same quarter.
• D.R. Horton reported a quarterly EPS of $3.36, exceeding analyst estimates, with a revenue of $9.23 billion despite a 7.4% year-over-year decline.

HighTower Advisors LLC lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 227,664 shares of the construction company's stock after purchasing an additional 22,329 shares during the quarter. HighTower Advisors LLC owned about 0.07% of D.R. Horton worth $28,943,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the first quarter worth about $26,000. Bayforest Capital Ltd increased its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after buying an additional 194 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of D.R. Horton during the 4th quarter worth about $43,000. Alpine Bank Wealth Management acquired a new position in D.R. Horton during the first quarter valued at approximately $61,000. Finally, Continuum Advisory LLC raised its stake in shares of D.R. Horton by 25.8% during the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after purchasing an additional 100 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction 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 directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DHI. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Barclays reduced their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. UBS Group boosted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of 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. 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 given a Sell rating to the stock. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and an average target price of $153.23.

D.R. Horton Trading Up 1.7%

DHI stock traded up $2.86 during midday trading on Tuesday, hitting $168.02. The stock had a trading volume of 1,357,887 shares, compared to its average volume of 3,792,787. The business has a fifty day moving average price of $139.09 and a two-hundred day moving average price of $130.28. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The firm has a market cap of $50.09 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 3.51 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $4.10 earnings per share. The firm's revenue 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. On average, sell-side 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 business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid 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 yield of 1.0%. D.R. Horton's dividend payout ratio is currently 12.83%.

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.