Optas LLC Takes $262,000 Position in D.R. Horton, Inc. $DHI

Key Points

• Optas LLC has acquired a new stake in D.R. Horton, Inc., purchasing 2,032 shares worth approximately $262,000.
• Overall, institutional investors own 90.63% of D.R. Horton's stock, with several hedge funds significantly increasing their holdings.
• D.R. Horton reported quarterly earnings of $3.36 EPS, surpassing analyst expectations, and also announced a quarterly dividend of $0.40 per share.

Optas LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,032 shares of the construction company's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Edgestream Partners L.P. increased its holdings in D.R. Horton by 1,710.0% in the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock worth $13,678,000 after buying an additional 101,643 shares during the period. MQS Management LLC acquired a new position in D.R. Horton in the 1st quarter worth approximately $1,132,000. Leavell Investment Management Inc. increased its holdings in D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock worth $423,000 after buying an additional 549 shares during the period. Inspire Investing LLC increased its holdings in D.R. Horton by 787.0% in the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company's stock worth $2,591,000 after buying an additional 18,086 shares during the period. Finally, Swedbank AB increased its holdings in D.R. Horton by 22.8% in the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company's stock worth $66,681,000 after buying an additional 97,467 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In other news, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David V. Auld sold 30,000 shares of the stock in a transaction on 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 completion of the transaction, the chairman directly owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 in the last quarter. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Trading Down 4.7%

Shares of NYSE:DHI opened at $151.23 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $195.50. The firm has a market capitalization of $45.08 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The business's 50 day moving average price is $167.11 and its 200-day moving average price is $140.72.

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, beating analysts' consensus estimates 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 firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm posted $4.10 EPS. The business's 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, equities research 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 firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Bank of America upped their price objective on D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a research report on Thursday, September 18th. UBS Group upped their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wedbush upped their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus target price of $157.31.

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.

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