QRG Capital Management Inc. Has $23.43 Million Holdings in D.R. Horton, Inc. $DHI

QRG Capital Management Inc. cut its holdings in D.R. Horton, Inc. (NYSE:DHI) by 23.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,710 shares of the construction company’s stock after selling 55,575 shares during the period. QRG Capital Management Inc. owned approximately 0.06% of D.R. Horton worth $23,426,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DHI. Vaughan Nelson Investment Management L.P. grew its stake in D.R. Horton by 148.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 204,233 shares of the construction company’s stock worth $26,330,000 after buying an additional 121,923 shares in the last quarter. Ascent Group LLC grew its stake in D.R. Horton by 40.1% during the second quarter. Ascent Group LLC now owns 2,557 shares of the construction company’s stock worth $330,000 after buying an additional 732 shares in the last quarter. Two Point Capital Management Inc. acquired a new stake in D.R. Horton during the second quarter worth about $17,496,000. Hilltop National Bank acquired a new stake in D.R. Horton during the second quarter worth about $154,000. Finally, F&V Capital Management LLC acquired a new stake in D.R. Horton during the second quarter worth about $8,028,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Up 2.0%

DHI stock opened at $174.93 on Friday. The stock has a market capitalization of $52.15 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 3.56 and a beta of 1.40. 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 12 month low of $110.44 and a 12 month high of $195.50. The firm has a 50-day moving average price of $165.86 and a 200-day moving average price of $139.88.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion during 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%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is 12.83%.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the transaction, the director owned 1,193 shares in the company, valued at $215,622.82. This trade represents a 45.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the transaction, the chairman owned 815,672 shares of the company’s stock, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock worth $5,898,848 in the last quarter. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. 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. UBS Group increased their price objective on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.