Nuveen LLC Invests $98.38 Million in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Nuveen LLC has purchased 773,866 shares of D.R. Horton, Inc., investing approximately $98.38 million and now holds about 0.25% of the company's stock.
• Multiple institutional investors have increased their positions in D.R. Horton, with 90.63% of the stock owned by institutional investors and hedge funds.
• D.R. Horton announced a quarterly dividend of $0.40 per share to be paid on August 14th, representing an annual yield of 1.0%.

Nuveen LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 773,866 shares of the construction company's stock, valued at approximately $98,382,000. Nuveen LLC owned about 0.25% of D.R. Horton as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Olde Wealth Management LLC bought a new position in shares of D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd lifted its holdings in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in D.R. Horton in the 4th quarter valued at approximately $43,000. Alpine Bank Wealth Management bought a new position in D.R. Horton in the 1st quarter valued at approximately $61,000. Finally, Continuum Advisory LLC increased its position in D.R. Horton by 25.8% during the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after purchasing an additional 100 shares during the period. Institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank Of Canada boosted their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their target price on 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. Barclays reduced their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Bank of America cut their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $153.23.

Insider Activity 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 transaction of $274,555.00. Following the sale, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Price Performance

Shares of DHI traded up $2.02 during mid-day trading on Friday, reaching $165.92. 5,928,597 shares of the company's stock were exchanged, compared to its average volume of 3,810,259. The company has a 50-day simple moving average of $138.23 and a two-hundred day simple moving average of $130.30. The company has a market cap of $49.46 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 3.51 and a beta of 1.34. 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, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter last year, the firm earned $4.10 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 7th. D.R. Horton's payout ratio 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.