Mather Group LLC. Acquires 103 Shares of D.R. Horton, Inc. $DHI

Mather Group LLC. grew its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,185 shares of the construction company’s stock after purchasing an additional 103 shares during the quarter. Mather Group LLC.’s holdings in D.R. Horton were worth $797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DHI. IMS Capital Management purchased a new stake in D.R. Horton in the second quarter worth $559,000. Ballentine Partners LLC boosted its holdings in shares of D.R. Horton by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 7,203 shares of the construction company’s stock valued at $929,000 after buying an additional 146 shares in the last quarter. PICTET BANK & TRUST Ltd grew its position in shares of D.R. Horton by 36.0% in the 2nd quarter. PICTET BANK & TRUST Ltd now owns 12,808 shares of the construction company’s stock worth $1,651,000 after buying an additional 3,390 shares during the period. Argent Capital Management LLC increased its stake in shares of D.R. Horton by 0.4% in the 2nd quarter. Argent Capital Management LLC now owns 545,650 shares of the construction company’s stock worth $70,345,000 after acquiring an additional 2,039 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in D.R. Horton by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 9,722 shares of the construction company’s stock valued at $1,253,000 after acquiring an additional 2,511 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity

In other news, 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 value of $5,466,300.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Aron M. Odom sold 1,376 shares of the business’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 sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,376 shares of company stock valued at $5,898,848 in the last quarter. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on DHI. Wells Fargo & Company raised their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Royal Bank Of Canada lifted their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their target price on 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. Finally, UBS Group lifted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $158.23.

D.R. Horton Stock Performance

Shares of DHI stock opened at $164.92 on Friday. 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 company has a 50 day moving average price of $162.44 and a 200-day moving average price of $138.11. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50. The firm has a market capitalization of $49.16 billion, a PE ratio of 13.22, a P/E/G ratio of 3.55 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

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

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.