Ritholtz Wealth Management Raises Stock Position in D.R. Horton, Inc. $DHI

Key Points

• Ritholtz Wealth Management significantly increased its stake in D.R. Horton by 171.5% during the 2nd quarter, owning 5,767 shares valued at $743,000.
• D.R. Horton's latest quarterly earnings reported an EPS of $3.36, surpassing estimates, despite a 7.4% decline in revenue year-over-year.
• The construction company recently declared a $0.40 quarterly dividend, providing a yield of 1.0% with a payout ratio of 12.83%.

Ritholtz Wealth Management boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 171.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,767 shares of the construction company's stock after acquiring an additional 3,643 shares during the period. Ritholtz Wealth Management's holdings in D.R. Horton were worth $743,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Horizon Investments LLC grew its stake in D.R. Horton by 1.5% in the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock worth $708,000 after buying an additional 83 shares in the last quarter. Franchise Capital Ltd grew its stake in D.R. Horton by 15.7% in the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company's stock worth $81,000 after buying an additional 85 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company's stock worth $470,000 after buying an additional 98 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in D.R. Horton by 4.2% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company's stock worth $322,000 after buying an additional 101 shares in the last quarter. Finally, Tectonic Advisors LLC grew its stake in D.R. Horton by 1.0% in the 2nd quarter. Tectonic Advisors LLC now owns 10,356 shares of the construction company's stock worth $1,335,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 0.4%

Shares of DHI opened at $153.54 on Friday. The stock has a market capitalization of $45.77 billion, a P/E ratio of 12.31, a PEG ratio of 3.19 and a beta of 1.40. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $167.08 and a two-hundred day simple moving average of $141.87. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.0%. D.R. Horton's dividend payout ratio is 12.83%.

Insiders Place Their Bets

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the company's 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 in the company, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president owned 6,457 shares of the company's stock, 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. In the last ninety days, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target 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. 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. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Bank of America cut their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, October 10th. Finally, Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an "in-line" rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $156.54.

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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