D.R. Horton, Inc. $DHI Stake Raised by Sei Investments Co.

Key Points

• Sei Investments Co. has increased its position in D.R. Horton, Inc. by 0.4%, holding 656,302 shares valued at approximately $91.5 million, which constitutes 0.9% of their investment portfolio.
• Several hedge funds, including Allspring Global Investments and Pacer Advisors, have significantly boosted their holdings in D.R. Horton, highlighting a trend of increased institutional investment in the company.
• D.R. Horton recently declared a quarterly dividend of $0.40 per share, with a dividend yield of 1.0%, reflecting a commitment to returning value to shareholders despite a year-over-year revenue decline of 7.4%.

Sei Investments Co. increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 0.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 656,302 shares of the construction company's stock after acquiring an additional 2,457 shares during the period. D.R. Horton makes up approximately 0.9% of Sei Investments Co.'s holdings, making the stock its 27th largest holding. Sei Investments Co. owned about 0.21% of D.R. Horton worth $91,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. Olde Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd raised its position in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after acquiring an additional 194 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in D.R. Horton during the fourth quarter worth $43,000. Alpine Bank Wealth Management acquired a new position in D.R. Horton in the first quarter worth $61,000. Finally, Continuum Advisory LLC increased its stake in D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insider Buying and Selling at D.R. Horton

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

D.R. Horton Price Performance

NYSE:DHI traded down $0.36 during mid-day trading on Monday, reaching $165.26. 3,638,043 shares of the stock were exchanged, compared to its average volume of 3,809,176. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average price of $138.23 and a 200 day moving average price of $130.11. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The firm has a market capitalization of $49.27 billion, a PE ratio of 13.25, a PEG ratio of 3.51 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the firm earned $4.10 EPS. The business's revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DHI. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Wedbush upped their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a report on Wednesday, July 23rd. Finally, JMP Securities dropped their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $153.23.

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.