Allspring Global Investments Holdings LLC Acquires 846,085 Shares of D.R. Horton, Inc. $DHI

Allspring Global Investments Holdings LLC grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 42.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,827,694 shares of the construction company’s stock after acquiring an additional 846,085 shares during the quarter. D.R. Horton accounts for about 0.6% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 20th largest holding. Allspring Global Investments Holdings LLC owned about 0.92% of D.R. Horton worth $378,628,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton in the first quarter worth about $26,000. Bayforest Capital Ltd increased its holdings in shares of D.R. Horton by 340.4% in the first 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 bought a new position in shares of D.R. Horton during the first quarter worth about $34,000. Ransom Advisory Ltd acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $51,000. Finally, Adirondack Trust Co. lifted its stake in 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 acquiring an additional 141 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wedbush raised their price target 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. Keefe, Bruyette & Woods raised their price target 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target 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, Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $156.54.

D.R. Horton Stock Down 0.1%

DHI stock opened at $151.30 on Monday. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $167.13 and a two-hundred day moving average price of $141.03. The company has a market cap of $45.11 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 3.15 and a beta of 1.40. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend 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 firm’s stock in a transaction that occurred 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 completion of the sale, the chairman directly owned 815,672 shares of the company’s stock, valued at $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director directly owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock valued at $5,898,848 over the last three months. 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.