D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd increased its stake in D.R. Horton, Inc. by 9.2% in the first quarter, now owning 79,468 shares worth approximately $10 million.
• Institutional investors own 90.63% of D.R. Horton's stocks, with several hedge funds recently acquiring new stakes or increasing their existing investments.
• D.R. Horton reported a quarterly EPS of $3.36, exceeding analyst estimates, despite a 7.4% year-on-year decline in revenue.

Mediolanum International Funds Ltd increased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,468 shares of the construction company's stock after acquiring an additional 6,712 shares during the quarter. Mediolanum International Funds Ltd's holdings in D.R. Horton were worth $10,012,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Norges Bank purchased a new stake in D.R. Horton in the fourth quarter worth about $593,363,000. Allspring Global Investments Holdings LLC raised its holdings in D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after purchasing an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. raised its holdings in D.R. Horton by 4,630.6% in the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after purchasing an additional 1,655,309 shares in the last quarter. Franklin Resources Inc. raised its holdings in D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after purchasing an additional 911,960 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.7%

Shares of DHI traded down $1.04 during midday trading on Wednesday, reaching $146.31. The company had a trading volume of 1,043,777 shares, compared to its average volume of 3,773,922. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The stock has a market cap of $43.62 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 3.17 and a beta of 1.38. The firm has a 50 day simple moving average of $128.93 and a 200-day simple moving average of $129.27. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

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 for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business 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 company's revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.10 EPS. Research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders 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 dividend yield of 1.09%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio is presently 12.83%.

Analyst Upgrades and Downgrades

DHI has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group upped their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wedbush upped their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, BTIG Research dropped their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $153.23.

Insider Buying and Selling at D.R. Horton

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 value of $274,555.00. Following the completion of the transaction, the director owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company's stock.

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.