GHP Investment Advisors Inc. grew its position in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 9.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,661 shares of the construction company’s stock after acquiring an additional 1,140 shares during the period. GHP Investment Advisors Inc.’s holdings in D.R. Horton were worth $1,632,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of DHI. Edgestream Partners L.P. boosted its position in D.R. Horton by 1,710.0% during the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company’s stock worth $13,678,000 after acquiring an additional 101,643 shares during the last quarter. MQS Management LLC acquired a new stake in D.R. Horton during the first quarter worth approximately $1,132,000. Leavell Investment Management Inc. boosted its position in D.R. Horton by 19.8% during the first quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company’s stock worth $423,000 after acquiring an additional 549 shares during the last quarter. Inspire Investing LLC boosted its position in D.R. Horton by 787.0% during the first quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after acquiring an additional 18,086 shares during the last quarter. Finally, Swedbank AB raised its stake in D.R. Horton by 22.8% during the first 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 during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
D.R. Horton Trading Down 2.9%
D.R. Horton stock opened at $144.81 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $164.76 and a two-hundred day moving average price of $144.78. The firm has a market capitalization of $43.17 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.09 and a beta of 1.40. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.
D.R. Horton Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.
Insider Buying and Selling
In related news, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction 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. This represents a 45.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the company’s stock in a transaction 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 transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,376 shares of company stock worth $5,898,848 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research note on Thursday. Bank of America cut their target price on shares of 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. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $157.38.
Get Our Latest Research Report on D.R. Horton
D.R. Horton 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.
Recommended Stories
- Five stocks we like better than D.R. Horton
- Comparing and Trading High PE Ratio Stocks
- Semiconductor Supercycle: Why Onsemi Stock Could Double as AI and EV Growth Accelerate
- What is an Earnings Surprise?
- The Best Local Butchers for Thanksgiving [2025 Survey]
- Using the MarketBeat Stock Split Calculator
- $134M in Insider Moves: What It Might Mean for KMI, ISRG and QS
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI – Free Report).
Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.
