Strs Ohio Purchases New Shares in D.R. Horton, Inc. $DHI

Key Points

• Strs Ohio acquired nearly 50,000 shares of D.R. Horton, valued at approximately $6.36 million, in the first quarter, highlighting growing institutional interest in the company.
• D.R. Horton reported earnings per share of $3.36 for the last quarter, exceeding estimates and despite a 7.4% year-over-year revenue decline to $9.23 billion.
• The company announced a quarterly dividend of $0.40 per share, representing an annual yield of 0.9% and a low payout ratio of 12.83%.

Strs Ohio purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 49,987 shares of the construction company's stock, valued at approximately $6,355,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Bank Pictet & Cie Europe AG increased its holdings in D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares in the last quarter. Janus Henderson Group PLC increased its holdings in D.R. Horton by 27.5% during the 4th quarter. Janus Henderson Group PLC now owns 46,083 shares of the construction company's stock valued at $6,443,000 after purchasing an additional 9,950 shares in the last quarter. ProShare Advisors LLC increased its holdings in D.R. Horton by 1.4% during the 4th quarter. ProShare Advisors LLC now owns 44,703 shares of the construction company's stock valued at $6,250,000 after purchasing an additional 624 shares in the last quarter. Raiffeisen Bank International AG bought a new position in D.R. Horton in the 4th quarter valued at $513,000. Finally, Royal Bank of Canada boosted its position in D.R. Horton by 88.4% in the 4th quarter. Royal Bank of Canada now owns 838,480 shares of the construction company's stock valued at $117,235,000 after buying an additional 393,481 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI stock opened at $177.86 on Monday. The business's 50-day moving average price is $156.28 and its two-hundred day moving average price is $135.81. 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 firm has a market cap of $53.02 billion, a PE ratio of 14.26, a P/E/G ratio of 3.77 and a beta of 1.36. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.46. The firm 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 company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

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

Analyst Ratings Changes

DHI has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price objective 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. Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. UBS Group increased their price objective 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. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Wells Fargo & Company increased their price objective 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. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $154.38.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,526 shares of company stock worth $6,173,403. Corporate insiders own 0.54% of the company's stock.

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.

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