Geode Capital Management LLC recently announced the acquisition of new stake in D.R. Horton Inc. (NYSE:DHI). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.78% to 6.67 million shares with purchase of 51338.0 shares. This fresh investment now brings its stake to 2.00% valued currently at $1.01 billion.
Currently, there are 334.85M common shares owned by the public and among those 294.09M shares have been available to trade.
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Insiders at the company have transacted a total of 102 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 58 of these insider trades were purchases, accounting for 4,434,583 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 3,625,280 shares.
The top 3 mutual fund holders in D.R. Horton Inc. are American Funds Growth Fund of Ame, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund. American Funds Growth Fund of Ame owns 10.53 million shares of the company’s stock, all valued at over $1.6 billion. The company sold -0.1 million shares recently to bring their total holdings to about 3.16% of the shares outstanding. Vanguard Total Stock Market ETF sold -0.65 million shares to see its total holdings shrink to 8.89 million shares valued at over $1.35 billion and representing 2.67% of the shares outstanding. Vanguard 500 Index Fund sold 63085.0 shares to bring its total holdings to over 7.36 million shares at a value of $1.12 billion. Vanguard 500 Index Fund now owns shares totaling to 2.21% of the shares outstanding.
The company’s stock has a 5-day price change of -6.44% and 42.19% over the past three months. DHI shares are trading -5.82% year to date (YTD), with the 12-month market performance up to 51.49% higher. It has a 12-month low price of $89.05 and touched a high of $157.93 over the same period. DHI has an average intraday trading volume of 2.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.80%, 1.79%, and 19.20% respectively.
Institutional ownership of D.R. Horton Inc. (NYSE: DHI) shares accounts for 85.01% of the company’s 334.85M shares outstanding. Mutual fund holders own 47.00%, while other institutional holders and individual stakeholders account for 8.81% and 38.89% respectively.
It has a market capitalization of $47.69B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 10.30, while the earnings-per-share (ttm) stands at $13.90. The company has a PEG of 1.93 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.84% over the week and 1.92% over the month.
Analysts forecast that D.R. Horton Inc. (DHI) will achieve an EPS of $2.88 for the current quarter, $3.1 for the next quarter and $15.49 for 2025. The lowest estimate earnings-per-share for the quarter is $2.73 while analysts give the company a high EPS estimate of $3.05. Comparatively, EPS for the current quarter was $2.76 a year ago. Earnings per share for the fiscal year are expected to increase by 2.34%, and 8.97% over the next financial year. EPS should shrink at an annualized rate of 5.34% over the next five years, compared to 29.41% over the past 5-year period.
