Rench Wealth Management Inc. Buys 3,019 Shares of D.R. Horton, Inc. $DHI

Key Points

• Rench Wealth Management Inc. increased its holdings in D.R. Horton, Inc. by 28.7%, acquiring an additional 3,019 shares worth approximately $1.72 million as of the end of the last quarter.
• Institutional investors hold a significant majority (90.63%) of D.R. Horton's stock, with several firms reporting substantial increases in their stakes during the first quarter.
• D.R. Horton reported earnings of $3.36 per share for the last quarter, surpassing estimates, alongside a revenue of $9.23 billion, marking a year-over-year decline of 7.4%.

Rench Wealth Management Inc. lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,543 shares of the construction company's stock after purchasing an additional 3,019 shares during the period. Rench Wealth Management Inc.'s holdings in D.R. Horton were worth $1,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. EP Wealth Advisors LLC boosted its holdings in D.R. Horton by 5.2% in the 1st quarter. EP Wealth Advisors LLC now owns 8,205 shares of the construction company's stock worth $1,043,000 after buying an additional 404 shares during the period. First Manhattan CO. LLC. raised its position in D.R. Horton by 40.9% in the 1st quarter. First Manhattan CO. LLC. now owns 3,477 shares of the construction company's stock worth $442,000 after purchasing an additional 1,009 shares during the period. Brave Warrior Advisors LLC raised its position in D.R. Horton by 50.3% in the 1st quarter. Brave Warrior Advisors LLC now owns 1,174,997 shares of the construction company's stock worth $149,377,000 after purchasing an additional 393,470 shares during the period. Focus Partners Advisor Solutions LLC purchased a new position in D.R. Horton in the 1st quarter worth $204,000. Finally, FJ Capital Management LLC purchased a new position in shares of D.R. Horton in the first quarter valued at about $1,617,000. 90.63% of the stock is owned by institutional investors.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction dated 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 approximately $280,046.10. The trade was a 49.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Price Performance

Shares of NYSE:DHI traded up $4.99 on Friday, reaching $181.68. The company's stock had a trading volume of 3,748,481 shares, compared to its average volume of 3,557,427. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a market cap of $54.16 billion, a P/E ratio of 14.57, a PEG ratio of 3.76 and a beta of 1.36. The company has a 50-day simple moving average of $151.59 and a 200 day simple moving average of $133.92. 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 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 period last year, the company 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. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. D.R. Horton's payout ratio is currently 12.83%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DHI shares. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Tuesday. UBS Group upped their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wedbush upped 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 note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped 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 note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $154.38.

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.