Norges Bank Makes New Investment in D.R. Horton, Inc. $DHI

Norges Bank acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, HoldingsChannel reports. The institutional investor acquired 3,833,990 shares of the construction company’s stock, valued at approximately $494,278,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Inspire Investing LLC boosted its stake in shares of D.R. Horton by 787.0% in the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock valued at $2,591,000 after purchasing an additional 18,086 shares in the last quarter. Swedbank AB increased its position in shares of D.R. Horton by 22.8% during the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after purchasing an additional 97,467 shares in the last quarter. Ascent Group LLC bought a new position in D.R. Horton during the 1st quarter valued at about $232,000. CW Advisors LLC boosted its position in D.R. Horton by 79.3% in the first quarter. CW Advisors LLC now owns 18,551 shares of the construction company’s stock valued at $2,361,000 after buying an additional 8,204 shares in the last quarter. Finally, Park National Corp OH grew its stake in D.R. Horton by 13.9% during the second quarter. Park National Corp OH now owns 282,096 shares of the construction company’s stock worth $36,368,000 after buying an additional 34,440 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. The trade was a 17.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David V. Auld sold 30,000 shares of the 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 in the company, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is currently owned by insiders.

D.R. Horton Stock Up 0.8%

Shares of DHI opened at $157.95 on Friday. The business’s fifty day moving average price is $154.34 and its two-hundred day moving average price is $147.50. The firm has a market capitalization of $46.13 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.09 and a beta of 1.36. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.19 and a current ratio of 6.48.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $3.92 EPS. D.R. Horton has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, November 13th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio is currently 15.53%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group boosted their target price on D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Wells Fargo & Company lifted their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $157.38.

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.