OFI Invest Asset Management Has $15.29 Million Stock Holdings in D.R. Horton, Inc. $DHI

Key Points

• OFI Invest Asset Management increased its stake in D.R. Horton, Inc. by 7.5%, holding 118,612 shares worth approximately $15.29 million at the end of the recent quarter.
• Analysts have set new target prices for D.R. Horton, with UBS raising their target from $176.00 to $187.00, reflecting a general sentiment of optimism with varying ratings from "Buy" to "Hold."
• D.R. Horton recently reported earnings of $3.36 per share, surpassing analysts' expectations, with total revenue of $9.23 billion for the quarter, despite a year-over-year decline of 7.4% in revenue.

OFI Invest Asset Management raised its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,612 shares of the construction company's stock after acquiring an additional 8,299 shares during the quarter. OFI Invest Asset Management's holdings in D.R. Horton were worth $15,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Horizon Investments LLC lifted its stake in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after buying an additional 83 shares during the last quarter. Franchise Capital Ltd lifted its stake in shares of D.R. Horton by 15.7% in the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company's stock worth $81,000 after buying an additional 85 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in D.R. Horton by 2.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after acquiring an additional 98 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in D.R. Horton by 4.2% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock worth $322,000 after acquiring an additional 101 shares during the period. Finally, Tectonic Advisors LLC increased its position in D.R. Horton by 1.0% during the second quarter. Tectonic Advisors LLC now owns 10,356 shares of the construction company's stock worth $1,335,000 after acquiring an additional 101 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the topic of a number of research reports. Wedbush boosted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Bank of America dropped their target price on shares of D.R. Horton from $175.00 to $165.00 and set a "neutral" rating on the stock in a research report on Friday. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the stock an "in-line" rating in a research report on Tuesday. Finally, UBS Group boosted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and an average target price of $156.54.

D.R. Horton Trading Down 0.1%

Shares of D.R. Horton stock opened at $151.30 on Friday. The stock has a market capitalization of $45.11 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 3.15 and a beta of 1.40. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $167.13 and a 200 day simple moving average of $140.95. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. During the same quarter last year, the company posted $4.10 EPS. The firm's revenue for the quarter 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. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by insiders.

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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