D.R. Horton, Inc. $DHI Shares Purchased by Park National Corp OH

Key Points

• Park National Corp OH increased its stake in D.R. Horton, Inc. by 13.9%, owning 282,096 shares valued at approximately $36.37 million at the end of the latest quarter.
• Chairman David V. Auld sold 30,000 shares for $5.47 million, marking a 3.55% decrease in his holdings, while insiders have collectively sold 34,526 shares worth $6.17 million in recent months.
• D.R. Horton reported earnings per share (EPS) of $3.36 for the latest quarter, beating estimates, but showed a year-over-year revenue decline of 7.4% with a current consensus target price of $154.38 from analysts.

Park National Corp OH increased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 13.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 282,096 shares of the construction company's stock after purchasing an additional 34,440 shares during the period. D.R. Horton accounts for about 1.2% of Park National Corp OH's holdings, making the stock its 25th biggest holding. Park National Corp OH owned 0.09% of D.R. Horton worth $36,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DHI. Allspring Global Investments Holdings LLC lifted its holdings in shares of D.R. Horton by 652.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of D.R. Horton by 4,630.6% in the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock valued at $214,984,000 after purchasing an additional 1,655,309 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of D.R. Horton by 1,838.0% in the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after purchasing an additional 832,358 shares during the last quarter. Finally, Amundi grew its stake in shares of D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company's stock valued at $266,811,000 after purchasing an additional 817,998 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 1,376 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company's stock, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David V. Auld sold 30,000 shares of the business's stock in a transaction on Friday, September 5th. The stock was 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 trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,526 shares of company stock valued at $6,173,403 over the last three months. 0.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group lifted their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wedbush lifted their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded 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 D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, Wells Fargo & Company raised their price target on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $154.38.

D.R. Horton Price Performance

DHI stock traded down $0.39 during midday trading on Tuesday, hitting $171.70. 3,131,628 shares of the stock were exchanged, compared to its average volume of 3,437,585. The stock's 50-day moving average price is $157.91 and its 200-day moving average price is $136.37. The stock has a market cap of $51.19 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 3.65 and a beta of 1.36. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

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, topping the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.D.R. Horton's revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's payout ratio is 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.