68,722 Shares in D.R. Horton, Inc. (NYSE:DHI) Purchased by ING Groep NV

Key Points

• ING Groep NV purchased 68,722 shares of D.R. Horton, valued around $8.7 million, marking a notable addition to their portfolio.
• D.R. Horton recently reported earnings of $3.36 EPS, exceeding estimates and generating revenues of $9.23 billion for the quarter.
• The company announced a quarterly dividend of $0.40, with a payout ratio currently at 12.83% and an annualized yield of 1.0%.

ING Groep NV purchased a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 68,722 shares of the construction company's stock, valued at approximately $8,737,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG lifted its stake in shares of D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after acquiring an additional 5,052 shares in the last quarter. World Investment Advisors raised its position in shares of D.R. Horton by 45.2% in the 4th quarter. World Investment Advisors now owns 4,259 shares of the construction company's stock valued at $596,000 after purchasing an additional 1,326 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of D.R. Horton during the fourth quarter worth approximately $13,943,000. Oarsman Capital Inc. raised its holdings in D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock valued at $46,000 after acquiring an additional 198 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in D.R. Horton by 20.5% during the 4th quarter. Peapack Gladstone Financial Corp now owns 28,426 shares of the construction company's stock valued at $3,975,000 after acquiring an additional 4,840 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on DHI shares. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. UBS Group raised their price objective on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Bank of America decreased their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wedbush boosted their price objective 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. Finally, 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 note on Thursday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $153.23.

Insider Buying and Selling

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton 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. The trade was a 49.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Trading Down 0.1%

Shares of NYSE:DHI traded down $0.08 during trading on Thursday, reaching $153.98. 2,440,318 shares of the company traded hands, compared to its average volume of 5,017,818. 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, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The business's fifty day moving average is $132.61 and its 200-day moving average is $129.60. The firm has a market capitalization of $45.91 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 3.27 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm earned $4.10 EPS. The company's revenue was down 7.4% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, August 7th. 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.