Tobam Invests $2.05 Million in D.R. Horton, Inc. $DHI

Tobam acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the second quarter, HoldingsChannel reports. The fund acquired 15,865 shares of the construction company’s stock, valued at approximately $2,045,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of D.R. Horton by 4,630.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company’s stock valued at $214,984,000 after purchasing an additional 1,655,309 shares during the period. Allspring Global Investments Holdings LLC increased its stake in D.R. Horton by 42.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after buying an additional 846,085 shares in the last quarter. Amundi raised its holdings in D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after acquiring an additional 817,998 shares during the period. Nuveen LLC purchased a new position in shares of D.R. Horton in the first quarter valued at about $98,382,000. Finally, Vanguard Group Inc. boosted its stake in shares of 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 worth $4,279,706,000 after acquiring an additional 642,642 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 1.5%

Shares of DHI opened at $146.81 on Wednesday. The firm has a market capitalization of $43.77 billion, a P/E ratio of 12.67, a P/E/G ratio of 3.09 and a beta of 1.36. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The firm has a fifty day moving average price of $161.90 and a 200-day moving average price of $145.69. The company has a current ratio of 6.48, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24.

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

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s payout ratio is 15.53%.

Analyst Ratings Changes

A number of brokerages have issued reports on DHI. Keefe, Bruyette & Woods cut their price objective 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. Wells Fargo & Company increased their price objective on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. Wedbush upped their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, UBS Group boosted their target price on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $157.38.

Insider Buying and Selling

In other news, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares in the company, valued at $215,622.82. The trade was a 45.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,376 shares of company stock worth $5,898,848 in the last three months. Corporate insiders own 0.54% of the company’s stock.

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.