Natixis Advisors Boosts Stake in D.R. Horton by 18% in Q3

Natixis Advisors LLC has strengthened its investment in D.R. Horton, Inc. (NYSE:DHI) by acquiring an additional 42,779 shares, marking an 18% increase in its holdings during the third quarter of 2023. The firm now possesses a total of 280,229 shares valued at approximately $47,490,000, according to its latest filing with the Securities & Exchange Commission.

Several other institutional investors also expanded their positions in D.R. Horton in recent months. For instance, Concord Wealth Partners initiated a new stake valued at $25,000, while Canton Hathaway LLC invested about $26,000. Other notable investments included Steigerwald Gordon & Koch Inc. at $27,000, Ameriflex Group Inc. at $31,000, and Westfuller Advisors LLC at $34,000. Currently, institutional investors own approximately 90.63% of D.R. Horton’s stock.

Insider Trading Activity

In a related development, D.R. Horton’s Senior Vice President, Aron M. Odom, sold 260 shares on February 13, 2024. The shares were sold at an average price of $167.55, resulting in a total transaction value of $43,563. Following this sale, Odom holds 6,457 shares, worth about $1,081,870.35, representing a 3.87% decrease in his ownership stake. This transaction was disclosed in a filing with the Securities & Exchange Commission.

D.R. Horton’s Financial Performance

D.R. Horton recently announced its quarterly earnings results, revealing a profit of $2.03 per share for the quarter ending January 20, 2024. This figure surpassed analysts’ expectations of $1.98 by $0.05. The company reported a return on equity of 13.51% and a net margin of 9.95%. Revenue for the quarter reached $6.89 billion, exceeding the consensus estimate of $6.66 billion, although it represented a 9.5% decline compared to the previous year.

Analysts project that D.R. Horton will achieve earnings of $13.04 per share for the current year, reflecting optimism about the company’s future performance.

In addition to its financial results, D.R. Horton declared a quarterly dividend of $0.45 per share, which was paid to investors of record on February 5, 2024. This equates to an annualized dividend of $1.80 and a yield of 1.2%. The company’s payout ratio stands at 16.35%.

Analyst Ratings and Market Outlook

Recent evaluations from various research firms have provided insights into D.R. Horton’s stock performance. Truist Financial set a price target of $155.00 and maintained a “hold” rating. Meanwhile, Citigroup adjusted its target from $163.00 to $154.00, also assigning a “neutral” rating. Other firms, including Zacks Research, downgraded D.R. Horton to a “strong sell” rating, while Bank of America established a target of $158.00.

Overall, four analysts have rated D.R. Horton as a Buy, nine as Hold, and four as Sell. According to data from MarketBeat.com, the average rating for the stock remains at “Hold,” with an average target price of $159.93.

D.R. Horton, founded in 1978 by Donald R. Horton, is a leading national homebuilder engaged in the design, construction, and sale of new residential properties across the United States. The company focuses on building a variety of homes, including single-family detached houses, townhomes, and condominiums, catering to diverse buyer segments. In addition to home construction, D.R. Horton offers services related to mortgage, title, and closing processes, facilitating a seamless transaction experience for its customers.