Tectonic Advisors LLC Has $7.91 Million Stake in H&R Block, Inc. $HRB

Key Points

• Tectonic Advisors LLC increased its stake in H&R Block, Inc. by 8.7% to approximately $7.91 million during the second quarter, now holding 144,047 shares.
• H&R Block reported a quarterly earnings per share of $2.27, missing estimates of $2.81, but provided a year-over-year revenue growth of 4.6%.
• The company has announced a quarterly dividend of $0.42, reflecting a yield of 3.3%, up from its previous dividend of $0.38.

Tectonic Advisors LLC grew its stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,047 shares of the company's stock after purchasing an additional 11,523 shares during the period. Tectonic Advisors LLC owned approximately 0.11% of H&R Block worth $7,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of H&R Block during the first quarter valued at about $26,000. Brooklyn Investment Group raised its holdings in shares of H&R Block by 72.1% during the first quarter. Brooklyn Investment Group now owns 513 shares of the company's stock valued at $28,000 after purchasing an additional 215 shares during the period. Signaturefd LLC raised its holdings in shares of H&R Block by 40.0% during the second quarter. Signaturefd LLC now owns 651 shares of the company's stock valued at $36,000 after purchasing an additional 186 shares during the period. Bogart Wealth LLC raised its holdings in shares of H&R Block by 42.9% during the first quarter. Bogart Wealth LLC now owns 666 shares of the company's stock valued at $37,000 after purchasing an additional 200 shares during the period. Finally, Covestor Ltd raised its holdings in shares of H&R Block by 21.8% during the first quarter. Covestor Ltd now owns 1,356 shares of the company's stock valued at $75,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 90.14% of the company's stock.

H&R Block Trading Down 0.4%

Shares of HRB stock opened at $50.46 on Thursday. H&R Block, Inc. has a 52-week low of $47.00 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 12.86, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $51.38 and a two-hundred day simple moving average of $55.07. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.82 and a beta of 0.31.

H&R Block (NYSE:HRB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $2.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.81 by ($0.54). H&R Block had a negative return on equity of 191.38% and a net margin of 16.11%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $1.89 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. H&R Block has set its FY 2026 guidance at 4.850-5.000 EPS. Research analysts anticipate that H&R Block, Inc. will post 5.25 EPS for the current fiscal year.

H&R Block Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Thursday, September 4th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, September 4th. This is a positive change from H&R Block's previous quarterly dividend of $0.38. H&R Block's payout ratio is currently 37.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HRB. Barrington Research reiterated an "outperform" rating and set a $62.00 price objective on shares of H&R Block in a report on Tuesday, September 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of H&R Block in a report on Wednesday. Zacks Research lowered shares of H&R Block from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group lowered their target price on shares of H&R Block from $54.00 to $48.00 and set a "sell" rating on the stock in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $55.00.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.

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