Vaughan Nelson Investment Management L.P. Acquires 121,923 Shares of D.R. Horton, Inc. $DHI

Key Points

• Vaughan Nelson Investment Management L.P. significantly increased its holdings in D.R. Horton, acquiring 121,923 shares for a total of 204,233 shares, representing a 148.1% increase during the second quarter.
• D.R. Horton reported an EPS of $3.36 for the last quarter, exceeding expectations and contributing to a revenue of $9.23 billion, although revenue was down 7.4% year-over-year.
• The company declared a quarterly dividend of $0.40, yielding 0.9%, with a payout ratio of 12.83% as reported in their recent announcements.

Vaughan Nelson Investment Management L.P. grew its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 148.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,233 shares of the construction company's stock after purchasing an additional 121,923 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.07% of D.R. Horton worth $26,330,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DHI. Olde Wealth Management LLC bought a new position in shares of D.R. Horton in the 1st quarter valued at about $26,000. Bayforest Capital Ltd boosted its stake in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of D.R. Horton in the 1st quarter valued at about $34,000. Ransom Advisory Ltd bought a new position in shares of D.R. Horton in the 1st quarter valued at about $51,000. Finally, Adirondack Trust Co. boosted its stake in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company's stock valued at $52,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $174.93 on Friday. 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 company has a market capitalization of $52.15 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 3.63 and a beta of 1.40. The company's 50 day moving average price is $165.86 and its two-hundred day moving average price is $139.95. 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 announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS 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 the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction 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 $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. In the last three months, insiders have sold 32,376 shares of company stock worth $5,898,848. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DHI shares. Keefe, Bruyette & Woods raised 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 research note on Thursday, July 24th. Wedbush increased their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Citigroup increased their target price on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Bank of America increased their target price on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, D.R. Horton has an average rating of "Hold" and a consensus price target of $160.00.

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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