OFI Invest Asset Management Has $15.29 Million Stock Holdings in D.R. Horton, Inc. $DHI

OFI Invest Asset Management lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,612 shares of the construction company’s stock after acquiring an additional 8,299 shares during the period. OFI Invest Asset Management’s holdings in D.R. Horton were worth $15,291,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DHI. Allspring Global Investments Holdings LLC lifted its stake in D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company’s stock valued at $252,477,000 after buying an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. lifted its stake in D.R. Horton by 4,630.6% in the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company’s stock valued at $214,984,000 after buying an additional 1,655,309 shares in the last quarter. Amundi lifted its stake in D.R. Horton by 60.2% in the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after buying an additional 817,998 shares in the last quarter. Nuveen LLC bought a new position in D.R. Horton in the first quarter valued at approximately $98,382,000. Finally, Vanguard Group Inc. lifted its stake in D.R. Horton by 1.9% in the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock valued at $4,279,706,000 after buying an additional 642,642 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup lifted their price target on shares of D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Bank of America cut their price target 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. Wedbush lifted their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $156.54.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of the firm’s 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 directly owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director owned 1,193 shares of the company’s stock, valued at $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,376 shares of company stock worth $5,898,848 over the last three months. Insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI opened at $151.30 on Friday. The company has a market cap of $45.11 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 3.15 and a beta of 1.40. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $195.50. The company’s fifty day simple moving average is $167.13 and its 200 day simple moving average is $140.95. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous 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. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is 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.