Public Sector Pension Investment Board Grows Holdings in D.R. Horton, Inc. $DHI

Public Sector Pension Investment Board lifted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,827 shares of the construction company's stock after purchasing an additional 1,618 shares during the quarter. Public Sector Pension Investment Board's holdings in D.R. Horton were worth $4,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AIA Group Ltd boosted its stake in shares of D.R. Horton by 57.4% in the 1st quarter. AIA Group Ltd now owns 7,338 shares of the construction company's stock worth $933,000 after buying an additional 2,676 shares during the last quarter. WP Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth $349,000. CCM Investment Group LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth $2,096,000. Nuveen LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth $98,382,000. Finally, Aveo Capital Partners LLC increased its stake in shares of D.R. Horton by 32.4% in the 1st quarter. Aveo Capital Partners LLC now owns 10,017 shares of the construction company's stock worth $1,230,000 after purchasing an additional 2,450 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

D.R. Horton stock traded down $4.9610 during mid-day trading on Wednesday, reaching $163.1490. 3,694,127 shares of the company's stock traded hands, compared to its average volume of 3,813,261. The company has a market cap of $48.64 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.50 and a beta of 1.34. The stock has a 50 day moving average of $139.91 and a two-hundred day moving average of $130.54. 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 12-month low of $110.44 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly 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. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. D.R. Horton's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's payout ratio is presently 12.83%.

Analysts Set New Price Targets

DHI has been the subject of several analyst reports. 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 note on Wednesday, July 23rd. Wedbush lifted their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Wells Fargo & Company raised their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $153.23.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by insiders.

D.R. Horton Company 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.