Kayne Anderson Rudnick Investment Management LLC Boosts Stake in D.R. Horton, Inc. $DHI

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in D.R. Horton, Inc. by 86.3%, acquiring a total of 29,140 shares valued at approximately $3.7 million.
• Several institutional investors, including Bank Pictet & Cie Europe AG and Price T Rowe Associates Inc., have also made adjustments to their holdings of D.R. Horton, indicating a trend of increased investor interest.
• D.R. Horton reported strong quarterly earnings, surpassing estimates with $3.36 EPS against an expectation of $2.90, alongside a revenue of $9.23 billion which was above forecasts.

Kayne Anderson Rudnick Investment Management LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 86.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,140 shares of the construction company's stock after purchasing an additional 13,497 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in D.R. Horton were worth $3,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Horizon Investments LLC increased its holdings in shares of D.R. Horton by 1.5% in the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after purchasing an additional 83 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of D.R. Horton by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after purchasing an additional 89 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of D.R. Horton by 3.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after purchasing an additional 98 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of D.R. Horton by 25.8% in 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. Institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wedbush lifted their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group lifted their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their price objective on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $153.23.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

NYSE:DHI traded up $1.48 during mid-day trading on Thursday, hitting $168.98. 2,539,008 shares of the company traded hands, compared to its average volume of 3,997,371. The stock's fifty day moving average price is $146.10 and its 200-day moving average price is $132.11. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. 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 market cap of $50.37 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34.

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

D.R. Horton Announces Dividend

The firm 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. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 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.