NewEdge Advisors LLC Has $2.53 Million Stock Position in D.R. Horton, Inc. $DHI

Key Points

• NewEdge Advisors LLC increased its position in D.R. Horton, Inc. by 19.3% during the 1st quarter, now holding shares worth approximately $2.53 million.
• Several hedge funds significantly boosted their stakes in D.R. Horton, with Allspring Global Investments and Pacer Advisors increasing their holdings by 652.0% and 4,630.6%, respectively, in the same quarter.
• Analysts have raised their price targets for D.R. Horton, with Wells Fargo increasing it to $190, indicating a positive outlook for the stock.

NewEdge Advisors LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 19.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,893 shares of the construction company's stock after buying an additional 3,225 shares during the period. NewEdge Advisors LLC's holdings in D.R. Horton were worth $2,529,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DHI. Allspring Global Investments Holdings LLC raised its holdings in 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 worth $252,477,000 after buying an additional 1,718,094 shares during the period. Pacer Advisors Inc. raised its holdings in D.R. Horton by 4,630.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after buying an additional 1,655,309 shares during the period. GAMMA Investing LLC raised its holdings in D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after buying an additional 911,960 shares during the period. Two Sigma Investments LP raised its holdings in D.R. Horton by 1,838.0% during the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after buying an additional 832,358 shares during the period. Finally, Amundi raised its holdings in D.R. Horton by 60.2% during the 1st quarter. Amundi now owns 2,176,211 shares of the construction company's stock worth $266,811,000 after buying an additional 817,998 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares of the company's stock, valued at $148,623,595.12. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director directly owned 1,193 shares of the company's stock, valued at $215,622.82. This represents a 45.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock valued at $6,173,403 in the last quarter. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company raised their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, D.R. Horton presently has an average rating of "Hold" and an average price target of $154.38.

D.R. Horton Price Performance

NYSE:DHI opened at $176.34 on Thursday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $154.39 and a 200 day simple moving average of $135.00. The stock has a market capitalization of $52.57 billion, a PE ratio of 14.14, a P/E/G ratio of 3.77 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business 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 firm posted $4.10 EPS. The company's quarterly revenue 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. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. 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 currently 12.83%.

About D.R. Horton

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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