Alta Advisers Ltd Buys Shares of 1,571 D.R. Horton, Inc. $DHI

Alta Advisers Ltd purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,571 shares of the construction company’s stock, valued at approximately $203,000.

A number of other large investors have also made changes to their positions in the stock. CWM LLC grew its position in shares of D.R. Horton by 23.6% in the second quarter. CWM LLC now owns 24,888 shares of the construction company’s stock valued at $3,209,000 after purchasing an additional 4,755 shares in the last quarter. OFI Invest Asset Management grew its position in shares of D.R. Horton by 7.5% in the second quarter. OFI Invest Asset Management now owns 118,612 shares of the construction company’s stock valued at $15,291,000 after purchasing an additional 8,299 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in D.R. Horton by 13.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 44,568 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 5,430 shares during the period. Johnson Investment Counsel Inc. grew its position in D.R. Horton by 4.2% in the second quarter. Johnson Investment Counsel Inc. now owns 8,882 shares of the construction company’s stock worth $1,145,000 after acquiring an additional 356 shares during the period. Finally, Fulcrum Capital LLC grew its position in D.R. Horton by 4.1% in the second quarter. Fulcrum Capital LLC now owns 45,702 shares of the construction company’s stock worth $5,892,000 after acquiring an additional 1,808 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 0.1%

DHI opened at $151.30 on Friday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50. The business has a fifty day simple moving average of $167.13 and a 200-day simple moving average of $140.95. The firm has a market cap of $45.11 billion, a P/E ratio of 12.13, a P/E/G ratio of 3.15 and a beta of 1.40. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last released its quarterly 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. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the business posted $4.10 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. 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 earnings per share for the current 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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 12.83%.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction on Friday, September 5th. The stock was 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. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at approximately $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,376 shares of company stock worth $5,898,848. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DHI shares. Bank of America lowered their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective 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. Finally, Wedbush increased their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $156.54.

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.