Kovitz Investment Group Partners LLC raised its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,695 shares of the construction company's stock after purchasing an additional 1,622 shares during the period. Kovitz Investment Group Partners LLC's holdings in D.R. Horton were worth $978,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock valued at $4,279,706,000 after acquiring an additional 642,642 shares during the last quarter. Northern Trust Corp increased its stake in shares of D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after acquiring an additional 460,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of D.R. Horton by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock valued at $374,312,000 after acquiring an additional 476,816 shares during the last quarter. Invesco Ltd. increased its stake in shares of D.R. Horton by 23.1% during the 1st quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock valued at $320,421,000 after acquiring an additional 472,382 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after acquiring an additional 1,718,094 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. UBS Group increased their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Finally, Wedbush increased their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. One research 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 given a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $153.23.
Read Our Latest Analysis on D.R. Horton
D.R. Horton Stock Up 5.5%
NYSE:DHI traded up $8.8910 during trading hours on Friday, hitting $170.7610. The stock had a trading volume of 6,110,693 shares, compared to its average volume of 3,866,207. 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 1-year low of $110.44 and a 1-year high of $199.85. The business has a 50 day simple moving average of $142.34 and a two-hundred day simple moving average of $131.09. The company has a market cap of $50.91 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 3.63 and a beta of 1.34.
D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the company earned $4.10 earnings per share. D.R. Horton's revenue for the quarter 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. Analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.
D.R. Horton Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.
Insider Transactions at D.R. Horton
In other news, Director Michael R. Buchanan sold 2,150 shares of the 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 completion of the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.
D.R. Horton Profile
(
Free Report)
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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