M&T Bank Corp Raises Position in D.R. Horton, Inc. $DHI

Key Points

• M&T Bank Corp increased its stake in D.R. Horton by 99.5% in Q4, bringing its holding to 25,317 shares valued at about $3.65 million.
• Other large institutions — notably Capital World Investors, Invesco and Viking Global — also meaningfully raised positions, leaving institutional investors owning 90.63% of DHI.
• D.R. Horton posted a Q1 EPS beat ($2.24 vs. $2.15) but missed on revenue ($7.56B vs. $9.22B) and announced a $0.45 quarterly dividend (annualized $1.80, ~1.1% yield).

M&T Bank Corp grew its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 99.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,317 shares of the construction company's stock after purchasing an additional 12,629 shares during the quarter. M&T Bank Corp's holdings in D.R. Horton were worth $3,646,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Capital World Investors lifted its stake in D.R. Horton by 159.8% during the 3rd quarter. Capital World Investors now owns 30,252,842 shares of the construction company's stock valued at $5,126,995,000 after acquiring an additional 18,607,545 shares in the last quarter. Invesco Ltd. grew its stake in shares of D.R. Horton by 18.1% in the 3rd quarter. Invesco Ltd. now owns 3,372,020 shares of the construction company's stock worth $571,456,000 after acquiring an additional 517,752 shares in the last quarter. Viking Global Investors LP raised its holdings in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company's stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the last quarter. Capital International Investors bought a new position in shares of D.R. Horton during the third quarter valued at about $395,179,000. Finally, Principal Financial Group Inc. lifted its position in shares of D.R. Horton by 12.5% during the third quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company's stock valued at $384,624,000 after purchasing an additional 252,878 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares of the company's stock, valued at $1,081,870.35. This represents a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.66% of the stock is currently owned by insiders.

D.R. Horton News Summary

Here are the key news stories impacting D.R. Horton this week:

• Positive Sentiment: UBS raised its price target on D.R. Horton to $206 and moved to a "buy" rating, citing upside vs. the current price — a sizable analyst upgrade that can attract buyers. UBS raises price target to $206
• Positive Sentiment: Truist published a forecast calling for strong price appreciation in DHI, adding institutional support to the bullish case. Truist Forecasts Strong Price Appreciation for D.R. Horton
• Positive Sentiment: Market commentary highlights a rotation of capital into housing names (DHI cited as a preferred large-cap homebuilder) on a potential future Fed pivot and rate easing—a thematic flow that can lift DHI relative to smaller builders.
• Neutral Sentiment: Brokerage consensus on DHI remains around "Hold" (average recommendation), suggesting mixed analyst conviction despite some buy-side upgrades. D.R. Horton Receives Average "Hold" from Brokerages
• Neutral Sentiment: The broader Q1 earnings backdrop is being described as generally positive, which could support cyclicals like homebuilders if the tone holds. Earnings Picture Remains Positive: A Closer Look
• Negative Sentiment: Peer results are weak: NVR and PulteGroup reported Q1 misses and declining revenues/settlements — signals that housing demand and margins remain under pressure and can weigh on DHI's near-term outlook. NVR's Q1 Earnings Miss PulteGroup Q1 Miss
• Negative Sentiment: D.R. Horton’s latest quarter showed an EPS beat but a revenue shortfall (revenues down year-over-year), which markets often penalize in a rate-sensitive sector where demand and backlog trends matter. (Company Q1 results and guidance context.)

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DHI shares. Truist Financial upped their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, April 22nd. Citigroup boosted their target price on D.R. Horton from $162.00 to $173.00 and gave the stock a "neutral" rating in a research note on Thursday. Citizens Jmp reaffirmed a "market perform" rating on shares of D.R. Horton in a report on Wednesday, January 7th. Argus increased their price target on D.R. Horton from $175.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, January 23rd. Finally, Evercore lifted their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an "in-line" rating in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $168.54.

D.R. Horton Stock Performance

Shares of DHI stock opened at $159.95 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The firm has a market cap of $45.36 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 2.54 and a beta of 1.44. D.R. Horton, Inc. has a 52 week low of $114.17 and a 52 week high of $184.54. The firm's 50-day simple moving average is $148.13 and its two-hundred day simple moving average is $150.48.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the prior year, the firm earned $2.58 EPS. The company's revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton, Inc. will post 10.53 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 7th. D.R. Horton's dividend payout ratio (DPR) is currently 16.87%.

D.R. Horton Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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