HB Wealth Management LLC Has $1.73 Million Position in D.R. Horton, Inc. $DHI

HB Wealth Management LLC boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,432 shares of the construction company’s stock after acquiring an additional 288 shares during the quarter. HB Wealth Management LLC’s holdings in D.R. Horton were worth $1,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in D.R. Horton by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock worth $4,279,706,000 after purchasing an additional 642,642 shares during the period. Dimensional Fund Advisors LP boosted its stake in D.R. Horton by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company’s stock worth $446,093,000 after purchasing an additional 33,412 shares during the period. Invesco Ltd. boosted its stake in 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 purchasing an additional 472,382 shares during the period. Amundi boosted its stake in D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company’s stock worth $266,811,000 after purchasing an additional 817,998 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in D.R. Horton by 652.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company’s stock worth $252,477,000 after purchasing an additional 1,718,094 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on DHI. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Citigroup increased their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Bank of America increased their price objective on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Finally, Wedbush increased their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $160.00.

D.R. Horton Stock Down 0.5%

Shares of DHI stock opened at $171.50 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 firm’s 50-day moving average is $165.27 and its 200-day moving average is $139.56. The stock has a market cap of $51.13 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 3.58 and a beta of 1.40. 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) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. D.R. Horton’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued 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 is presently 12.83%.

Insider Activity

In related news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is owned by company insiders.

D.R. Horton 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.