J2 Capital Management Inc Invests $640,000 in D.R. Horton, Inc. $DHI

Key Points

• J2 Capital Management Inc has invested $640,000 in D.R. Horton, purchasing 4,965 shares during the second quarter, as reported in its 13F filing.
• Analysts have raised D.R. Horton's price targets significantly, with estimates ranging from $117.00 to $190.00, reflecting a positive outlook on the stock's performance in the near future.
• D.R. Horton reported an earnings per share (EPS) of $3.36 for the last quarter, outperforming estimates and highlighting a net margin of 11.46%, despite a year-over-year revenue decline of 7.4%.

J2 Capital Management Inc purchased a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,965 shares of the construction company's stock, valued at approximately $640,000.

Other large investors also recently modified their holdings of the company. Olde Wealth Management LLC bought a new position in shares of D.R. Horton in the 1st quarter worth about $26,000. Bayforest Capital Ltd lifted its position in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after buying an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton in the 1st quarter worth about $34,000. Ransom Advisory Ltd bought a new position in shares of D.R. Horton in the 1st quarter worth about $51,000. Finally, Adirondack Trust Co. increased its holdings in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock worth $52,000 after acquiring an additional 141 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on DHI shares. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Citigroup increased their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday. Bank of America increased their price objective on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, D.R. Horton presently has an average rating of "Hold" and a consensus target price of $160.00.

D.R. Horton Stock Up 1.8%

D.R. Horton stock opened at $172.47 on Thursday. The stock has a market cap of $51.42 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 3.59 and a beta of 1.40. 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 company's 50-day moving average price is $164.73 and its two-hundred day moving average price is $139.25. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50.

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, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the transaction, the director owned 1,193 shares of the company's stock, valued at $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was 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 in the company, valued at $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock valued at $5,898,848 in the last quarter. Insiders own 0.54% of the company's stock.

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.

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