14,335 Shares in D.R. Horton, Inc. $DHI Acquired by JT Stratford LLC

Key Points

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JT Stratford LLC acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,335 shares of the construction company's stock, valued at approximately $1,822,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of D.R. Horton by 13.8% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 129,866 shares of the construction company's stock worth $16,510,000 after buying an additional 15,760 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of D.R. Horton by 45.8% during the 1st quarter. Quantbot Technologies LP now owns 77,247 shares of the construction company's stock worth $9,820,000 after buying an additional 24,272 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of D.R. Horton by 7,274.5% during the 1st quarter. Wellington Management Group LLP now owns 353,019 shares of the construction company's stock worth $44,879,000 after buying an additional 348,232 shares during the last quarter. Granite Harbor Advisors Inc. lifted its position in shares of D.R. Horton by 4.4% during the 1st quarter. Granite Harbor Advisors Inc. now owns 4,826 shares of the construction company's stock worth $614,000 after buying an additional 204 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of D.R. Horton by 44.4% during the 1st quarter. Brooklyn Investment Group now owns 4,807 shares of the construction company's stock worth $611,000 after buying an additional 1,478 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank Of Canada upped their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company increased 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 increased 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Wedbush increased their target price 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. One investment 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Trading Up 5.5%

Shares of DHI stock traded up $8.8910 on Friday, hitting $170.7610. The company had a trading volume of 6,110,693 shares, compared to its average volume of 3,984,224. The firm has a market cap of $50.91 billion, a P/E ratio of 13.69, a P/E/G ratio of 3.63 and a beta of 1.34. The stock's 50-day moving average is $142.34 and its two-hundred day moving average is $131.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared 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 dividend payout ratio is presently 12.83%.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.