Stance Capital LLC Purchases New Holdings in D.R. Horton, Inc. $DHI

Key Points

• Stance Capital LLC has acquired a new stake in D.R. Horton, Inc., purchasing 28,833 shares valued at approximately $3.67 million, making it the 19th largest position in their portfolio.
• Several analysts have recently upgraded their ratings and target prices for D.R. Horton, with target prices ranging from $117.00 to $187.00.
• D.R. Horton reported a strong quarterly earnings performance, exceeding EPS estimates by $0.46 while also revealing a quarterly dividend of $0.40 per share, reflecting a 0.9% yield.

Stance Capital LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,833 shares of the construction company's stock, valued at approximately $3,666,000. D.R. Horton comprises approximately 2.6% of Stance Capital LLC's investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also recently bought and sold shares of DHI. Olde Wealth Management LLC bought a new position in D.R. Horton in the 1st quarter valued at $26,000. Bayforest Capital Ltd raised its position in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new stake in shares of D.R. Horton during the first quarter worth $34,000. Alpine Bank Wealth Management bought a new stake in shares of D.R. Horton during the first quarter worth $61,000. Finally, Continuum Advisory LLC raised its position in shares of D.R. Horton by 25.8% during the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the company'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 completion of the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This represents 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 at this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction dated Friday, September 5th. The stock was 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 of the company's stock, valued at $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,526 shares of company stock valued at $6,173,403 over the last three months. Company insiders own 0.54% of the company's stock.

D.R. Horton Trading Down 0.9%

DHI stock traded down $1.54 during midday trading on Wednesday, hitting $176.34. 3,754,628 shares of the company's stock were exchanged, compared to its average volume of 3,794,457. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock's fifty day moving average price is $154.39 and its 200-day moving average price is $135.00. The company has a market cap of $52.57 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 3.91 and a beta of 1.36. 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 announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) 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 company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the company earned $4.10 earnings per share. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. UBS Group boosted their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Wedbush boosted their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on 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, Wells Fargo & Company boosted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. One equities research 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 given a Sell rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $154.38.

About D.R. Horton

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.