United Services Automobile Association Buys Shares of 6,694 D.R. Horton, Inc. $DHI

Key Points

• United Services Automobile Association has purchased 6,694 shares of D.R. Horton, valued at approximately $843,000, as part of their first quarter investments.
• D.R. Horton recently reported quarterly earnings of $3.36 per share, surpassing estimates of $2.90, but experienced a 7.4% decline in revenue year-over-year.
• The construction company has announced a quarterly dividend of $0.40 per share, yielding 0.9%, with a payout ratio of 12.83%.

United Services Automobile Association bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,694 shares of the construction company's stock, valued at approximately $843,000.

Several other hedge funds have also modified their holdings of DHI. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter valued at $26,000. Bayforest Capital Ltd lifted its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in D.R. Horton in the 1st quarter worth about $34,000. Alpine Bank Wealth Management purchased a new stake in D.R. Horton in the 1st quarter worth about $61,000. Finally, Continuum Advisory LLC lifted its stake in D.R. Horton by 25.8% in the 4th quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock worth $68,000 after acquiring an additional 100 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHI has been the subject of several research analyst reports. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Royal Bank Of Canada increased their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. UBS Group increased their price objective on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $154.38.

D.R. Horton Stock Down 1.7%

DHI stock traded down $3.15 during mid-day trading on Friday, hitting $177.86. The stock had a trading volume of 2,368,958 shares, compared to its average volume of 3,332,289. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a fifty day moving average of $156.28 and a 200 day moving average of $135.81. The stock has a market capitalization of $53.02 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 3.77 and a beta of 1.36.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The business 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 firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Activity

In other news, Director Michael R. Buchanan sold 2,150 shares of the 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 transaction, the director 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction dated 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 approximately $1,181,631. This represents a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,526 shares of company stock valued at $6,173,403. 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.