PICTET BANK & TRUST Ltd grew its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 36.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,808 shares of the construction company's stock after buying an additional 3,390 shares during the period. D.R. Horton accounts for about 1.9% of PICTET BANK & TRUST Ltd's portfolio, making the stock its 22nd largest position. PICTET BANK & TRUST Ltd's holdings in D.R. Horton were worth $1,651,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton during the 1st quarter valued at approximately $26,000. Bayforest Capital Ltd grew its holdings in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after buying an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton during the first quarter worth $51,000. Finally, Adirondack Trust Co. boosted its position in shares of D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after acquiring an additional 141 shares during the last quarter. 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 recent analyst reports. UBS Group upped their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wedbush increased their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their target price 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. Finally, Royal Bank Of Canada raised their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $158.23.
View Our Latest Analysis on D.R. Horton
D.R. Horton Price Performance
Shares of NYSE DHI opened at $164.22 on Tuesday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. 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 fifty day moving average price is $160.32 and its two-hundred day moving average price is $137.49. The firm has a market capitalization of $48.96 billion, a PE ratio of 13.17, a P/E/G ratio of 3.57 and a beta of 1.36.
D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share 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 firm had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the company earned $4.10 earnings per share. 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. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.
D.R. Horton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.
Insiders Place Their Bets
In other news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock valued at $5,898,848 over the last three months. Company insiders own 0.54% of the company's stock.
About D.R. Horton
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI - Free Report).
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