SteelPeak Wealth LLC Purchases 3,993 Shares of D.R. Horton, Inc. $DHI

Key Points

• SteelPeak Wealth LLC has increased its stake in D.R. Horton, Inc. by 65.9%, acquiring an additional 3,993 shares, bringing their total to 10,051 shares valued at approximately $1.3 million.
• D.R. Horton reported an earnings per share (EPS) of $3.36 for the latest quarter, exceeding analysts' estimates of $2.90, although their revenue declined by 7.4% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, representing a yield of 1.0%, with a low dividend payout ratio of 12.83%.

SteelPeak Wealth LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 65.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,051 shares of the construction company's stock after purchasing an additional 3,993 shares during the period. SteelPeak Wealth LLC's holdings in D.R. Horton were worth $1,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC increased its position in shares of D.R. Horton by 315.5% during the second quarter. DAVENPORT & Co LLC now owns 31,056 shares of the construction company's stock valued at $4,004,000 after purchasing an additional 23,582 shares during the period. Clarius Group LLC bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $232,000. AMF Tjanstepension AB bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $9,391,000. 111 Capital grew its position in D.R. Horton by 23.1% in the second quarter. 111 Capital now owns 6,804 shares of the construction company's stock valued at $877,000 after acquiring an additional 1,275 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in D.R. Horton by 148.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 204,233 shares of the construction company's stock valued at $26,330,000 after acquiring an additional 121,923 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Price Performance

D.R. Horton stock opened at $161.23 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The firm has a market cap of $48.07 billion, a P/E ratio of 12.93, a P/E/G ratio of 3.56 and a beta of 1.40. The business's fifty day moving average is $166.63 and its two-hundred day moving average is $140.45. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business's revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous 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 research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid 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 12.83%.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the transaction, the chairman owned 815,672 shares of the company's stock, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Aron M. Odom sold 1,376 shares of the company's stock in a transaction on Friday, September 5th. The shares were 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 in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock valued at $5,898,848 over the last 90 days. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of analyst reports. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wedbush upped their price target on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company upped their price target on D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Finally, UBS Group upped their price target on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $157.31.

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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