Johnson Investment Counsel Inc. Grows Stake in D.R. Horton, Inc. $DHI

Johnson Investment Counsel Inc. raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,882 shares of the construction company’s stock after purchasing an additional 356 shares during the period. Johnson Investment Counsel Inc.’s holdings in D.R. Horton were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in D.R. Horton during the 1st quarter valued at $26,000. Bayforest Capital Ltd raised its holdings in D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new stake in D.R. Horton during the 1st quarter valued at $34,000. Ransom Advisory Ltd purchased a new stake in D.R. Horton during the 1st quarter valued at $51,000. Finally, Adirondack Trust Co. raised its holdings in D.R. Horton by 53.2% during the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on DHI shares. Evercore ISI set a $169.00 price target on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Citigroup increased their price target on D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Bank of America reduced their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $156.54.

D.R. Horton Price Performance

DHI opened at $156.77 on Wednesday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $167.14 and its 200-day simple moving average is $141.32. The company has a market capitalization of $46.74 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 3.17 and a beta of 1.40.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the company earned $4.10 EPS. The business’s revenue was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. D.R. Horton’s dividend payout ratio is presently 12.83%.

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.