Swedbank AB Increases Stake in D.R. Horton, Inc. $DHI

Key Points

• Swedbank AB has increased its stake in D.R. Horton, Inc. by 22.8%, acquiring an additional 97,467 shares to reach a total of 524,512 shares valued at approximately $66.7 million.
• Several institutional investors significantly boosted their holdings in D.R. Horton during the first quarter, with Allspring Global Investments increasing its position by 652% and GAMMA Investing raising its stake by 19,102%.
• Insider transactions have occurred, with Chairman David V. Auld selling 30,000 shares and Director Michael R. Buchanan selling 1,000 shares, indicating a decrease in their ownership of the company.

Swedbank AB boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 22.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 524,512 shares of the construction company's stock after purchasing an additional 97,467 shares during the quarter. Swedbank AB owned about 0.17% of D.R. Horton worth $66,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHI. Vanguard Group Inc. grew its stake in D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock valued at $4,279,706,000 after purchasing an additional 642,642 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of D.R. Horton by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock worth $446,093,000 after acquiring an additional 33,412 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in D.R. Horton by 21.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,677,100 shares of the construction company's stock worth $374,312,000 after acquiring an additional 476,816 shares during the period. Invesco Ltd. lifted its holdings in shares of D.R. Horton by 23.1% in the 1st quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock worth $320,421,000 after acquiring an additional 472,382 shares during the last quarter. Finally, Amundi grew its position in D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company's stock valued at $266,811,000 after acquiring an additional 817,998 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on 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 directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president 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 disclosure for this sale can be found here. Insiders have sold a total of 34,526 shares of company stock valued at $6,173,403 over the last 90 days. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Performance

D.R. Horton stock traded down $0.39 during mid-day trading on Tuesday, reaching $171.70. The company had a trading volume of 3,131,628 shares, compared to its average volume of 3,784,752. The firm has a market cap of $51.19 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 3.77 and a beta of 1.36. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a 50 day moving average of $157.91 and a 200-day moving average of $136.37. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $8.80 billion. During the same period last year, the company posted $4.10 earnings per share. The firm's quarterly revenue 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. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 EPS 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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 (DPR) is 12.83%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DHI shares. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. 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. Wedbush boosted their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Finally, Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.