Northwest & Ethical Investments L.P. Has $745,000 Stake in D.R. Horton, Inc. $DHI

Key Points

• Northwest & Ethical Investments L.P. increased its stake in D.R. Horton by 182.9%, acquiring an additional 3,796 shares, bringing its total holdings to 5,871 shares worth approximately $745,000.
• Recent insider activity shows Director Michael R. Buchanan sold 2,150 shares of D.R. Horton, representing a 49.50% decrease in his position.
• D.R. Horton reported $3.36 EPS for the quarter, exceeding analysts' expectations of $2.90, although revenue shrank by 7.4% year-over-year to $9.23 billion.

Northwest & Ethical Investments L.P. increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 182.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,871 shares of the construction company's stock after purchasing an additional 3,796 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in D.R. Horton were worth $745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edgestream Partners L.P. lifted its position in D.R. Horton by 1,710.0% during the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after purchasing an additional 101,643 shares during the period. MQS Management LLC bought a new stake in D.R. Horton during the first quarter worth about $1,132,000. Leavell Investment Management Inc. lifted its position in D.R. Horton by 19.8% during the first quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after purchasing an additional 549 shares during the period. Exchange Traded Concepts LLC lifted its position in D.R. Horton by 25.0% during the first quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after purchasing an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG lifted its position in D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the period. Institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DHI shares. Keefe, Bruyette & Woods upped their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wells Fargo & Company increased their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. Finally, 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 report on Wednesday, July 23rd. 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $153.23.

D.R. Horton Trading Down 0.8%

NYSE DHI traded down $1.42 during trading hours on Monday, reaching $169.26. The company's stock had a trading volume of 3,478,449 shares, compared to its average volume of 3,984,224. The firm has a fifty day simple moving average of $143.25 and a 200-day simple moving average of $131.34. The stock has a market cap of $50.46 billion, a P/E ratio of 13.57, a P/E/G ratio of 3.63 and a beta of 1.34. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

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 analysts' consensus estimates 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 net margin of 11.46% and a return on equity of 15.74%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio is currently 12.83%.

Insiders Place Their Bets

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