DHI D.R. Horton, Inc. Common Stock

NYSE · Consumer products · View on SEC EDGAR ↗
$149.09
Price · Aug 20, 2026
Fundamentals as of Jul 23, 2026
52W Range
$132–$185
33% of range
Analyst Rating
HOLD
26 analysts
Price Target
$163
+9% upside
P/E (TTM)
12.5
ROE
14.5%
Net Profit Margin
10.5%

About D.R. Horton, Inc. Common Stock Company overview from Wikipedia

D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 120 on the 2024 Fortune 500 list of the largest United States corporations by revenue. The company operates in 125 markets across 36 states.

Read more

D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 120 on the 2024 Fortune 500 list of the largest United States corporations by revenue. The company operates in 125 markets across 36 states.

D.R. Horton operates four brands: D.R. Horton, Emerald Homes, Express Homes, and Freedom Homes. Express Homes is tailored to entry-level buyers while the Emerald Homes brand is sold as luxury real estate. Freedom Homes caters to the active adult community.

History

The company was founded in 1978 by Donald R. Horton. Horton took the company public in 1992, and as of 2020 owned about 6% of the company. In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. The company also entered the Tucson, Arizona, market. In 1998, the company promoted Donald J. Tomnitz to vice chairman and chief executive and promoted Richard Beckwitt to president. The company also acquired Cambridge Homes.

The company completed more acquisitions throughout the years. In 1999, the company acquired Century Title Agency. In 2001, the company acquired Emerald Builders and Fortress Homes and Communities of Florida. In 2002, the company acquired Schuler Homes. The company also acquired 300 acres in McKinney, Texas.

In 2013, the company re-entered the Nashville market.

In April 2015, the company acquired Pacific Ridge Homes, based in Seattle, for $72 million. The acquisition included 350 lots, 90 homes in inventory and 40 homes in sales order backlog. Horton also acquired control of about 400 lots through option contracts.

In May 2015, the company received approval from the Honolulu City Council to begin construction on an 11,750-home planned community in West Oahu, Hawaii.

In 2016, the company acquired Wilson Parker Homes for $90 million. In 2017, the company moved its headquarters from Fort Worth, Texas, to Arlington, Texas. In 2018, the company acquired Terramor Homes, Classic Builders, and Westport Homes.

On May 17, 2024, the company announced the passing of its founder and chairman, Donald R. Horton, who suddenly died at the age of 74. Company representatives believe the cause of death was a heart attack. Following Horton's death, the board appointed the company's Executive Vice Chairman, David V. Auld, as the new executive chairman.

Controversies

The Supreme Court of the United States heard the appeal of a case in which the National Labor Relations Board held that the company violated the National Labor Relations Act (NLRA) by requiring its employees to sign an arbitration agreement that prohibited them from pursuing claims in a collective or class action. In 2018 the Supreme Court ruled in favor of D.R. Horton, stating that the company's actions did not violate the NLRA or the Federal Arbitration Act.

Awards and recognition

1st, Builder Top 100 - 2003-2023

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

DHI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$149.09
Market Cap
$42.48B
P/E (TTM)
12.5
EPS (TTM)
$11.57
Revenue (TTM)
$34.25B
Div Yield
1.2%
ROE
14.5%
Debt/Equity
—
52W Range
$132 – $185

DHI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $34.25B
10-point trend, +181.7%
2016-09-30 → 2025-09-30
EPS $11.57
10-point trend, +390.3%
2016-09-30 → 2025-09-30
Free Cash Flow $3.28B
10-point trend, +517.3%
2016-09-30 → 2025-09-30
Margins 10.5%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
DHI
Peer Median
P/E (TTM)
5-point trend, +99.0%
12.5
16.9
P/S (TTM)
5-point trend, +35.4%
1.2
0.8
P/B
5-point trend, +2.7%
1.8
0.9
Price / FCF
5-point trend, -77.6%
12.9
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
DHI
Peer Median
Net Profit Margin
5-point trend, -30.3%
10.5%
3.5%
ROA
5-point trend, -48.5%
10.0%
1.8%
ROE
5-point trend, -53.7%
14.5%
8.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
DHI
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
DHI
Peer Median
Revenue YoY
5-point trend, +23.3%
-6.9%
—
Revenue CAGR 3Y
5-point trend, +23.3%
0.76%
—
Revenue CAGR 5Y
5-point trend, +23.3%
11.0%
—
EPS YoY
5-point trend, +1.4%
-19.3%
—
Net Income YoY
5-point trend, -14.1%
-24.6%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
DHI
Peer Median
EPS (Diluted)
5-point trend, +1.4%
$11.57
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
DHI
Peer Median
Payout Ratio
5-point trend, +99.1%
13.8%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
1.2%
Payout Ratio
13.8%
5Y Div CAGR
—
Ex-dateAmount
Aug. 6, 2026$0.4500
May 7, 2026$0.4500
Feb. 5, 2026$0.4500
Nov. 13, 2025$0.4500
Aug. 7, 2025$0.4000
May 2, 2025$0.4000
Feb. 7, 2025$0.4000
Nov. 12, 2024$0.4000
Aug. 1, 2024$0.3000
May 1, 2024$0.3000
Feb. 5, 2024$0.3000
Nov. 20, 2023$0.3000
Aug. 4, 2023$0.2500
May 2, 2023$0.2500
Feb. 6, 2023$0.2500
Dec. 1, 2022$0.2500
Aug. 3, 2022$0.2250
May 6, 2022$0.2250
Feb. 16, 2022$0.2250
Dec. 3, 2021$0.2250

DHI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 26 analysts
  • Strong Buy 6 23.1%
  • Buy 4 15.4%
  • Hold 15 57.7%
  • Sell 1 3.8%
  • Strong Sell 0 0.0%

12-Month Price Target

12 analysts · 2026-08-20
Median target $157.50 +5.6%
Mean target $162.92 +9.3%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.06%
Period EPS Actual EPS Est Surprise
June 30, 2026 $3.20 $3.07 0.13%
March 31, 2026 $2.24 $2.18 0.06%
Dec. 31, 2025 $2.03 $1.95 0.08%
Sept. 30, 2025 $3.04 $3.32 -0.28%
June 30, 2025 $3.36 $2.91 0.45%
March 31, 2025 $2.58 $2.66 -0.08%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
DHI $49.90B 14.6 -6.9% 10.5% 14.5% —
PHM $22.60B 10.5 -3.5% 12.8% 17.4% —
LEN — — — — — —
NVR $20.42B 16.7 -1.9% 13.0% 34.8% —
TOL $12.79B 10.0 1.1% 12.3% 16.9% —
IBP $7.00B 26.7 1.0% 8.9% 38.6% 34.0%
SKY $3.98B 19.8 7.3% 7.8% 13.3% 26.4%
MTH $4.49B 10.4 — — 8.7% —
CVCO $3.61B 19.4 11.4% 8.5% 17.4% 23.5%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +326.8% $34.25B $36.80B $35.46B $33.48B $27.77B $20.31B $17.59B $16.07B $14.09B $12.16B $10.82B $8.02B
Cost of Revenue 10-point trend, +175.0% $26.13B $27.27B $26.11B $22.98B $19.90B $15.37B $13.72B $12.40B $11.04B $9.50B · ·
SG&A Expense 10-point trend, +179.6% $3.69B $3.60B $3.25B $2.93B $2.56B $2.05B $1.83B $1.68B $1.47B $1.32B · ·
Interest Expense Flat — no change across 3 periods · · · · · · · $0 · · $0 $0
Other Non-op 10-point trend, +1354.8% $316M $349M $213M $59M $42M $33M $32M $45M $26M $22M · ·
Pretax Income 12-point trend, +482.2% $4.74B $6.28B $6.31B $7.63B $5.36B $2.98B $2.13B $2.06B $1.60B $1.35B $1.12B $814M
Income Tax 12-point trend, +298.6% $1.12B $1.48B $1.52B $1.73B $1.17B $602M $507M $598M $564M $467M $373M $281M
Net Income 12-point trend, +572.0% $3.59B $4.76B $4.75B $5.86B $4.18B $2.37B $1.62B $1.46B $1.04B $886M $751M $534M
EPS (Basic) 12-point trend, +640.1% $11.62 $14.44 $13.93 $16.65 $11.56 $6.49 $4.34 $3.88 $2.77 $2.39 $2.05 $1.57
EPS (Diluted) 12-point trend, +671.3% $11.57 $14.34 $13.82 $16.51 $11.41 $6.41 $4.29 $3.81 $2.74 $2.36 $2.03 $1.50
Shares (Basic) 12-point trend, -9.4% 308,500,000 329,500,000 340,700,000 351,700,000 361,100,000 365,500,000 372,600,000 376,600,000 374,300,000 371,000,000 366,300,000 340,500,000
Shares (Diluted) 12-point trend, -15.5% 309,900,000 331,600,000 343,300,000 354,800,000 365,800,000 370,200,000 377,400,000 383,400,000 378,900,000 375,100,000 369,800,000 366,600,000
EBITDA 12-point trend, +163.8% $101M $87M $92M $81M $74M $80M $72M $62M $55M $61M $54M $38M
Balance Sheet 15
Annual Balance Sheet data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +351.1% $2.99B $4.52B $3.87B $2.54B $3.21B $3.02B $1.49B $1.47B $1.01B $1.30B $1.38B $662M
PP&E (Net) 12-point trend, +198.9% $579M $531M $445M $472M $393M $684M $499M $401M $325M $195M $147M $194M
PP&E (Gross) 6-point trend, +127.0% · · · · · · $760M $646M $551M $391M $314M $335M
Accum. Depreciation 6-point trend, +84.9% · · · · · · $261M $245M $226M $196M $167M $141M
Goodwill 9-point trend, +104.4% $164M $164M $164M $164M $164M $164M $164M $109M $80M · · ·
Total Assets 12-point trend, +248.3% $35.47B $36.10B $32.58B $30.35B $24.02B $18.91B $15.61B $14.11B $12.18B $11.56B $11.15B $10.19B
Deferred Tax $0 · · · · · · · · · · ·
Total Liabilities 12-point trend, +111.8% $10.73B $10.28B $9.44B $10.57B $8.80B $6.79B $5.31B $4.96B $4.44B $4.77B $5.26B $5.07B
Common Stock 12-point trend, +8.1% $4M $4M $4M $4M $4M $4M $4M $4M $4M $4M $4M $4M
Retained Earnings 12-point trend, +1080.1% $31.04B $27.95B $23.59B $19.19B $13.64B $9.76B $7.64B $6.22B $4.95B $4.06B $3.29B $2.63B
Treasury Stock 12-point trend, +7667.0% $10.43B $6.13B $4.33B $3.14B $2.04B $1.16B $802M $322M $195M $134M $134M $134M
AOCI 3-point trend, -100.0% · · · · · · · · · $0 $1M $2M
Stockholders' Equity 12-point trend, +372.9% $24.19B $25.31B $22.70B $19.40B $14.89B $11.84B $10.02B $8.98B $7.75B $6.79B $5.89B $5.12B
Liabilities + Equity 12-point trend, +248.3% $35.47B $36.10B $32.58B $30.35B $24.02B $18.91B $15.61B $14.11B $12.18B $11.56B $11.15B $10.19B
Shares Outstanding 12-point trend, -19.2% 294,475,153 324,027,360 334,848,565 343,953,023 356,015,843 363,999,982 368,431,454 376,261,635 374,986,079 372,923,187 368,647,371 364,586,694
Cash Flow 16
Annual Cash Flow data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +163.8% $101M $87M $92M $81M $82M $91M $72M $62M $55M $61M $54M $38M
Stock-based Comp 12-point trend, +400.0% $131M $118M $111M $105M $91M $78M $73M $56M $59M $49M $42M $26M
Deferred Tax 12-point trend, +584.4% $123M $19M $-46M $29M $-10M $14M $20M $171M $111M $75M $3M $18M
Other Non-cash 12-point trend, +58.5% $-520M $-2.79B $-598M $-5.51B $-3.80B $-1.12B $-892M $-1.20B $-828M $-454M $-150M $-1.25B
Operating Cash Flow 12-point trend, +617.2% $3.42B $2.19B $4.30B $562M $534M $1.42B $892M $545M $440M $624M $700M $-661M
CapEx 12-point trend, +37.1% $137M $165M $149M $148M $94M $96M $127M $68M $103M $78M $56M $100M
Investing Cash Flow 12-point trend, +40.2% $-169M $-191M $-310M $-415M $-252M $-166M $-394M $19M $-164M $-113M $-95M $-282M
Stock Issued 9-point trend, +0.00 $0 $20M $0 $2M $34M $0 $101M $0 $0 · · ·
Stock Repurchased 11-point trend, +4300000000.00 $4.30B $1.80B $1.20B $1.10B $874M $360M $480M $128M $61M $0 $0 ·
Net Stock Activity 9-point trend, -6995.7% $-4.30B $-1.78B $-1.20B $-1.10B $-840M $-360M $-379M $-128M $-61M · · ·
Dividends Paid 12-point trend, +918.1% $495M $395M $341M $316M $289M $256M $223M $188M $150M $119M $92M $49M
Financing Cash Flow 12-point trend, -858.5% $-4.76B $-1.36B $-2.67B $-811M $-85M $271M $-490M $-82M $-565M $-592M $117M $628M
Net Change in Cash 12-point trend, -378.7% $-1.51B $644M $1.33B $-664M $197M $1.53B $8M $482M $-288M $-81M $722M $-316M
Taxes Paid 12-point trend, +264.7% $1.02B $1.67B $1.44B $1.70B $1.14B $581M $488M $387M $446M $390M $334M $280M
Free Cash Flow 12-point trend, +531.1% $3.28B $2.02B $4.16B $414M $441M $1.33B $765M $477M $278M $532M $644M $-762M
Levered FCF 3-point trend, +162.6% · · · · · · · $477M · · $644M $-762M
Profitability 5
Annual Profitability data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, +57.4% 10.5% 12.9% 13.4% 17.5% 15.0% 11.7% 9.2% 9.1% 7.4% 7.3% 6.9% 6.7%
Pretax Margin 12-point trend, +36.4% 13.8% 17.1% 17.8% 22.8% 19.3% 14.7% 12.1% 12.8% 11.4% 11.1% 10.4% 10.2%
EBITDA Margin 12-point trend, -37.5% 0.30% 0.24% 0.26% 0.24% 0.27% 0.40% 0.41% 0.39% 0.39% 0.50% 0.50% 0.48%
ROA 12-point trend, +78.9% 10.0% 13.9% 15.1% 21.6% 19.4% 13.8% 10.9% 11.1% 8.8% 7.8% 7.0% 5.6%
ROE 12-point trend, +24.5% 14.5% 19.8% 22.6% 34.2% 31.2% 21.7% 17.0% 17.5% 14.3% 14.0% 13.6% 11.6%
Efficiency 1
Annual Efficiency data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +13.6% 1.0 1.1 1.1 1.2 1.3 1.2 1.2 1.2 1.2 1.1 1.0 0.8
Per Share 7
Annual Per Share data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +485.4% $82.15 $78.12 $67.78 $56.39 $41.81 $32.53 $27.20 $23.88 $20.66 $18.21 $15.99 $14.03
Revenue / Share 12-point trend, +404.9% $110.52 $110.98 $103.29 $94.36 $75.93 $54.87 $46.62 $41.91 $37.19 $32.41 $29.27 $21.89
Cash Flow / Share 12-point trend, +711.9% $11.04 $6.60 $12.54 $1.58 $1.46 $3.84 $2.36 $1.42 $1.15 $1.65 $1.89 $-1.80
Cash / Share 12-point trend, +458.5% $10.14 $13.94 $11.57 $7.39 $9.02 $8.29 $4.06 $3.92 $2.69 $3.49 $3.75 $1.82
Dividend / Share 4-point trend, +190.9% · · · · · · · · $0 $0 $0 $0
Dividend Paid / Share 9-point trend, +300.0% $2 $1 $1 $1 $1 $1 $1 $0 $0 · · ·
EPS (TTM) 12-point trend, +671.3% $11.57 $14.34 $13.82 $16.51 $11.41 $6.41 $4.29 $3.81 $2.74 $2.36 $2.03 $1.50
Growth Rates 10
Annual Growth Rates data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -118.9% -6.9% 3.8% 5.9% 20.5% 36.7% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -96.3% 0.76% 9.8% 20.4% · · · · · · · · ·
Revenue CAGR 5Y 11.0% · · · · · · · · · · ·
EPS YoY 5-point trend, -124.8% -19.3% 3.8% -16.3% 44.7% 78.0% · · · · · · ·
EPS CAGR 3Y 3-point trend, -138.3% -11.2% 7.9% 29.2% · · · · · · · · ·
EPS CAGR 5Y 12.5% · · · · · · · · · · ·
Net Income YoY 5-point trend, -132.4% -24.6% 0.23% -19.0% 40.3% 75.9% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -158.1% -15.1% 4.4% 26.0% · · · · · · · · ·
Net Income CAGR 5Y 8.6% · · · · · · · · · · ·
Dividend CAGR 5Y 14.1% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for DHI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +326.8% $34.25B $36.80B $35.46B $33.48B $27.77B $20.31B $17.59B $16.07B $14.09B $12.16B $10.82B $8.02B
Net Income TTM 12-point trend, +572.0% $3.59B $4.76B $4.75B $5.86B $4.18B $2.37B $1.62B $1.46B $1.04B $886M $751M $534M
Market Cap 12-point trend, +567.1% $49.90B $61.81B $35.99B $23.17B $29.89B $27.53B $19.42B $15.87B $14.97B $11.26B $10.82B $7.48B
P/E 12-point trend, +7.1% 14.6 13.3 7.8 4.1 7.4 11.8 12.3 11.1 14.6 12.8 14.5 13.7
P/S 12-point trend, +56.3% 1.5 1.7 1.0 0.7 1.1 1.4 1.1 1.0 1.1 0.9 1.0 0.9
P/B 12-point trend, +41.1% 2.1 2.4 1.6 1.2 2.0 2.3 1.9 1.8 1.9 1.7 1.8 1.5
P / Tangible Book 6-point trend, -11.9% 2.1 2.5 1.6 1.2 2.0 2.4 · · · · · ·
P / Cash Flow 12-point trend, +229.0% 14.6 28.2 8.4 41.2 55.9 19.4 21.8 29.1 34.4 18.2 15.5 -11.3
P / FCF 12-point trend, +254.7% 15.2 30.5 8.7 56.0 67.8 20.8 25.4 33.3 53.9 21.2 16.8 -9.8
Dividend Yield 12-point trend, +52.3% 0.99% 0.64% 0.95% 1.4% 0.97% 0.93% 1.1% 1.2% 1.0% 1.1% 0.85% 0.65%
Earnings Yield 12-point trend, -6.6% 6.8% 7.5% 12.9% 24.5% 13.6% 8.5% 8.1% 9.0% 6.9% 7.8% 6.9% 7.3%
Payout Ratio 12-point trend, +51.5% 13.8% 8.3% 7.2% 5.4% 6.9% 10.8% 13.8% 12.9% 14.4% 13.4% 12.2% 9.1%
Annual Payout 12-point trend, +918.1% $495M $395M $341M $316M $289M $256M $223M $188M $150M $119M $92M $49M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-09-302024-09-302023-09-302022-09-302021-09-30
Revenue $34.25B$36.80B$35.46B$33.48B$27.77B
Net Income $3.59B$4.76B$4.75B$5.86B$4.18B
Diluted EPS $11.57$14.34$13.82$16.51$11.41
Cash Flow
2025-09-302024-09-302023-09-302022-09-302021-09-30
Free Cash Flow $3.28B$2.02B$4.16B$414M$441M

Latest News Recent headlines mentioning this company

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Institutional owners (13F) 1,360 filers · $27.6B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
187 (+59 vs prior Q) 80 (-40 vs prior Q) 461 (+44 vs prior Q) 422 (-42 vs prior Q) +3.2M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Capital World Investors $6,072,499,624 37,280,759 22.01% Shares
VANGUARD CAPITAL MANAGEMENT LLC $2,758,751,007 16,937,322 10.00% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,019,760,701 12,400,299 7.32% Shares
STATE STREET CORP $1,967,222,943 12,077,744 7.13% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,032,197,831 6,365,042 3.74% Shares
FMR LLC $958,487,156 5,884,621 3.47% Shares
Capital Research Global Investors $926,250,539 5,686,635 3.36% Shares
GREENHAVEN ASSOCIATES INC $571,024,704 3,505,800 2.07% Shares
NORGES BANK $528,906,216 3,247,214 1.92% Shares
DIMENSIONAL FUND ADVISORS LP $406,768,252 2,497,349 1.47% Shares
EARNEST PARTNERS LLC $267,912,354 1,644,845 0.97% Shares
Holocene Advisors, LP $255,181,653 1,566,685 0.93% Shares
VANGUARD FIDUCIARY TRUST CO $239,881,683 1,472,751 0.87% Shares
TWO SIGMA INVESTMENTS, LP $237,058,484 1,455,418 0.86% Shares
Smead Capital Management, Inc. $230,348,292 1,414,221 0.84% Shares
GOLDMAN SACHS GROUP INC $226,917,519 1,393,158 0.82% Shares
BANK OF AMERICA CORP /DE/ $191,221,282 1,174,001 0.69% Shares
BARCLAYS PLC $171,460,517 1,052,680 0.62% Shares
NEUBERGER BERMAN GROUP LLC $168,187,165 1,032,583 0.61% Shares
AMERIPRISE FINANCIAL INC $140,615,797 863,309 0.51% Shares
Caisse de depot et placement du Quebec $138,030,213 847,435 0.50% Shares
Crake Asset Management LLP $134,032,486 822,891 0.49% Shares
1832 Asset Management L.P. $125,223,121 768,806 0.45% Shares
BlackRock, Inc. $121,551,969 746,267 0.44% Shares
Swiss National Bank $119,765,664 735,300 0.43% Shares
Pictet Asset Management Holding SA $116,728,974 716,643 0.42% Shares
Swedbank AB $112,117,146 688,342 0.41% Shares
Brave Warrior Advisors, LLC $111,487,777 684,478 0.40% Shares
ENVESTNET ASSET MANAGEMENT INC $109,611,596 672,964 0.40% Shares
Sumitomo Mitsui Trust Group, Inc. $104,323,337 640,492 0.38% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $103,846,587 637,565 0.38% Shares
Vanguard Global Advisers, LLC $93,623,098 574,798 0.34% Shares
BNP PARIBAS FINANCIAL MARKETS $93,023,374 571,116 0.34% Shares
Legal & General Group Plc $90,279,497 554,270 0.33% Shares
National Pension Service $89,317,365 548,363 0.32% Shares
Squarepoint Ops LLC $87,731,566 538,627 0.32% Shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC $87,277,945 535,842 0.32% Shares
RHUMBLINE ADVISERS $85,943,514 527,648 0.31% Shares
Rafferty Asset Management, LLC $84,732,619 520,215 0.31% Shares
VANGUARD ASSET MANAGEMENT, Ltd $82,006,985 503,481 0.30% Shares
HighTower Advisors, LLC $78,143,392 479,761 0.28% Shares
CANADA PENSION PLAN INVESTMENT BOARD $75,632,351 464,344 0.27% Shares
VICTORY CAPITAL MANAGEMENT INC $74,572,654 457,838 0.27% Shares
MILLENNIUM MANAGEMENT LLC $73,361,152 450,400 0.27% Put option
ARGENT CAPITAL MANAGEMENT LLC $72,075,824 442,509 0.26% Shares
EVENTIDE ASSET MANAGEMENT, LLC $71,144,482 436,562 0.26% Shares
California Public Employees Retirement System $67,909,396 416,929 0.25% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $66,700,671 451,760 0.24% Shares
FRANKLIN RESOURCES INC $66,380,278 407,541 0.24% Shares
ALLIANCEBERNSTEIN L.P. $65,363,786 476,343 0.24% Shares
Balyasny Asset Management L.P. $64,721,508 397,357 0.23% Shares
Zurich Insurance Group Ltd/FI $63,984,802 392,834 0.23% Shares
ASSETMARK, INC $63,853,764 392,029 0.23% Shares
VANGUARD GROUP INC $62,527,168 434,126 0.23% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $60,674,755 372,512 0.22% Shares
Burgundy Asset Management Ltd. $59,437,314 350,704 0.22% Shares
JANE STREET GROUP, LLC $58,799,680 361,000 0.21% Call option
Brandywine Global Investment Management, LLC $56,389,473 391,512 0.20% Shares
Quantinno Capital Management LP $53,880,959 330,801 0.20% Shares
PARNASSUS INVESTMENTS, LLC $53,650,717 329,388 0.19% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $53,373,366 388,962 0.19% Shares
UBS Group AG $52,238,548 320,718 0.19% Shares
TORONTO DOMINION BANK $51,861,806 318,405 0.19% Shares
W1M Investment Management Ltd $50,029,774 295,309 0.18% Shares
CITADEL ADVISORS LLC $49,140,896 301,700 0.18% Call option
NEW YORK STATE COMMON RETIREMENT FUND $47,939,819 294,326 0.17% Shares
MACKENZIE FINANCIAL CORP $46,662,677 286,485 0.17% Shares
TWO SIGMA ADVISERS, LP $46,219,227 320,900 0.17% Shares
CLOUGH CAPITAL PARTNERS L P $43,100,003 264,612 0.16% Shares
Capital International, Inc./CA/ $41,241,542 253,202 0.15% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $40,113,598 246,277 0.15% Shares
Grantham, Mayo, Van Otterloo & Co. LLC $39,040,870 239,691 0.14% Shares
MILLENNIUM MANAGEMENT LLC $38,744,428 237,871 0.14% Shares
ATWOOD & PALMER INC $38,735,628 237,817 0.14% Shares
WOLVERINE TRADING, LLC $38,449,512 226,400 0.14% Call option
AVIVA PLC $37,952,669 233,010 0.14% Shares
CONGRESS ASSET MANAGEMENT CO $37,807,889 232,121 0.14% Shares
RAYMOND JAMES FINANCIAL INC $37,557,331 230,583 0.14% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $37,061,552 227,539 0.13% Shares
TUDOR INVESTMENT CORP ET AL $36,599,136 224,700 0.13% Shares
OMERS ADMINISTRATION Corp $36,586,757 224,624 0.13% Shares
CITADEL ADVISORS LLC $36,126,784 221,800 0.13% Put option
WOLVERINE TRADING, LLC $35,613,351 209,700 0.13% Put option
CAPITAL FUND MANAGEMENT S.A. $35,007,798 214,930 0.13% Shares
AMERICAN CENTURY COMPANIES INC $34,336,140 210,806 0.12% Shares
VIRGINIA RETIREMENT SYSTEMS ET Al $34,151,529 237,114 0.12% Shares
Ensign Peak Advisors, Inc $33,320,362 204,570 0.12% Shares
Calamos Advisors LLC $32,596,849 200,128 0.12% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $32,456,609 199,267 0.12% Shares
JONES FINANCIAL COMPANIES LLLP $32,204,756 193,666 0.12% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $31,773,816 195,075 0.12% Shares
FIRST TRUST ADVISORS LP $31,011,790 190,397 0.11% Shares
Korea Investment CORP $30,483,155 187,151 0.11% Shares
SUMITOMO MITSUI FINANCIAL GROUP, INC. $30,382,658 186,534 0.11% Shares
LPL Financial LLC $30,116,914 184,902 0.11% Shares
Crossmark Global Holdings, Inc. $30,060,492 184,556 0.11% Shares
PANAGORA ASSET MANAGEMENT INC $29,542,686 181,377 0.11% Shares
WINDWARD CAPITAL MANAGEMENT CO /CA $28,767,304 176,617 0.10% Shares
STRS OHIO $28,620,459 175,715 0.10% Shares
SCHRODER INVESTMENT MANAGEMENT GROUP $27,944,391 170,154 0.10% Shares

Company insiders 28 insiders · 10 officers · 16 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Paul J Romanowski President and CEO April 20, 2026 M 200,055 0 0 $0
Donald J Tomnitz President and CEO March 6, 2014 A 602,031 0 0 $0
Bill W Wheat EVP and CFO April 20, 2026 M 336,544 0 0 $0
Michael J Murray EVP and COO April 20, 2026 M 128,968 0 1 $-17,876
George W Seagraves EVP & COO - Eastern US May 3, 2006 M 18,214 0 0 $0
David V Auld Executive Chairman April 20, 2026 M 942,341 0 1 $-5,466,300
Aron M. Odom SVP, Controller and PAO March 30, 2026 M 8,046 0 2 $-295,371
Stacey Dwyer EVP and Treasurer May 14, 2013 M 95,333 0 0 $0
Samuel R Fuller Senior EVP May 8, 2007 M 33,649 0 0 $0
SCHULER JAMES K Senior Vice President Aug. 21, 2003 S 1 0 0 $0
Maribess L Miller Director April 20, 2026 M 22,292 0 0 $0
Bradley S Anderson Director April 20, 2026 M 36,775 0 0 $0
Benjamin Carson SR Director April 20, 2026 M 9,752 0 0 $0
Barbara Smith Director Nov. 20, 2025 M 553 0 0 $0
Chad M Crow Director Nov. 20, 2025 M 687 0 0 $0
Michael R Buchanan Director Nov. 20, 2025 M 1,482 0 1 $-180,740
Elaine D Crowley Director Nov. 20, 2025 M 553 0 0 $0
Barbara K Allen Director Nov. 21, 2024 S 0 0 0 $0
Donald R Horton Director April 26, 2024 G 0 0 0 $0
Michael W Hewatt Director Aug. 25, 2022 M 11,000 0 0 $0
Bobby G Scott Director Jan. 24, 2014 M 5,333 0 0 $0
Richard I Galland Director Feb. 11, 2008 A 13,451 0 0 $0
Gordon D Jones — July 14, 2006 M 47,627 0 0 $0
Thomas F Noon — May 9, 2006 M 105,011 0 0 $0
Francine I Neff — June 17, 2005 M 13,464 0 0 $0
Richard Beckwitt — Dec. 16, 2003 M 1 0 0 $0
Richard L Horton — Nov. 24, 2003 S 419,611 0 0 $0
Terrill J Horton — Nov. 20, 2003 S 1 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 13 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
D.R. Horton, Inc. (2) ×5 filings Nov. 1, 2024 — Initial filing — SEC
Donald R. Horton ×3 filings Oct. 13, 2020 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person June 10, 2002 — Initial filing M&A / sale SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person April 19, 2002 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 11, 2002 — Initial filing — SEC
James K. Schuler, James and Patricia Schuler Foundation, James K. Schuler 1998 Qualified Annuity Trust, James K. Schuler as Sole Trustee, James K. Schuler Revocable Living Trust, James K. Schuler as Sole Trustee March 4, 2002 — Initial filing M&A / sale SEC
Schuler Homes, Inc. ×2 filings Feb. 27, 2002 — Initial filing — SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Feb. 25, 2002 — Initial filing M&A / sale SEC
Undisclosed reporting person Feb. 25, 2002 — Initial filing M&A / sale SEC
Undisclosed reporting person Feb. 22, 2002 — Initial filing — SEC
Undisclosed reporting person Oct. 31, 2001 — Initial filing M&A / sale SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Oct. 31, 2001 — Initial filing M&A / sale SEC
Undisclosed reporting person Oct. 23, 2001 — Initial filing M&A / sale SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 193 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
ITB · iShares Trust 16.39% 2,523,963 SH Aug. 19, 2026 Daily
NAIL · Direxion Shares ETF Trust 12.20% 446,262 NS April 30, 2026 N-PORT
LPRE · Exchange Listed Funds Trust 6.34% 67,456 NS May 31, 2026 N-PORT
ABIG · EA Series Trust 2.84% 10,743 NS May 29, 2026 N-PORT
AMID · EA Series Trust 2.25% 16,065 NS May 29, 2026 N-PORT
RSPD · Invesco Exchange-Traded Fund Trust 2.01% 43,877 SH Aug. 19, 2026 Daily
FLOW · Global X Funds 1.98% 3,848 NS May 31, 2026 N-PORT
HOMZ · ETF Series Solutions 1.61% 3,707 NS May 31, 2026 N-PORT
FXD · First Trust Exchange-Traded AlphaDE… 1.54% 26,538 NS April 30, 2026 N-PORT
EPMB · Harbor ETF Trust 1.52% 445 NS April 30, 2026 N-PORT
EPMV · Harbor ETF Trust 1.43% 412 NS April 30, 2026 N-PORT
JRE · Janus Detroit Street Trust 1.41% 368 NS April 30, 2026 N-PORT
EPSB · Harbor ETF Trust 1.33% 402 NS April 30, 2026 N-PORT
RNIN · EA Series Trust 1.28% 12,767 NS April 30, 2026 N-PORT
COWZ · Pacer Funds Trust 1.21% 1,427,432 NS April 30, 2026 N-PORT
QQWZ · Pacer Funds Trust 1.21% 3,662 NS April 30, 2026 N-PORT
SYLD · Cambria ETF Trust 1.06% 66,287 NS April 30, 2026 N-PORT
AVMV · AMERICAN CENTURY ETF TRUST 1.01% 42,926 NS May 31, 2026 N-PORT
ESLV · Strategy Shares 1.01% 774 NS April 30, 2026 N-PORT
PKW · Invesco Exchange-Traded Fund Trust 1.00% 122,793 SH Aug. 19, 2026 Daily
ICAP · Series Portfolios Trust 0.99% 7,346 NS May 31, 2026 N-PORT
FTA · First Trust Exchange-Traded AlphaDE… 0.98% 82,487 NS April 30, 2026 N-PORT
EPSV · Harbor ETF Trust 0.93% 301 NS April 30, 2026 N-PORT
VLUE · iShares Trust 0.86% 576,429 SH Aug. 19, 2026 Daily
CGGR · Capital Group Growth ETF 0.79% 1,301,664 NS May 31, 2026 N-PORT
YALL · Tidal Trust I 0.76% 4,993 NS May 31, 2026 N-PORT
VOE · VANGUARD INDEX FUNDS 0.72% 1,639,444 SH Aug. 19, 2026 Daily
VCR · VANGUARD WORLD FUND 0.68% 286,862 SH Aug. 19, 2026 Daily
GMOV · GMO ETF Trust 0.68% 4,189 NS May 31, 2026 N-PORT
FDIS · FIDELITY COVINGTON TRUST 0.63% 72,482 NS April 30, 2026 N-PORT
FFND · Northern Lights Fund Trust II 0.62% 4,349 NS May 31, 2026 N-PORT
WANT · Direxion Shares ETF Trust 0.62% 826 NS April 30, 2026 N-PORT
TEXN · iShares Trust 0.61% 730 SH Aug. 19, 2026 Daily
IYC · iShares Trust 0.61% 50,129 SH Aug. 19, 2026 Daily
GXPD · Global X Funds 0.60% 2,019 NS May 31, 2026 N-PORT
RXI · iShares Trust 0.59% 10,839 SH Aug. 19, 2026 Daily
CGMM · Capital Group Equity ETF Trust I 0.58% 110,515 NS May 31, 2026 N-PORT
UCC · ProShares Trust 0.58% 454 NS May 31, 2026 N-PORT
IMCV · iShares Trust 0.51% 41,376 SH Aug. 19, 2026 Daily
REVS · Columbia ETF Trust I 0.50% 9,237 NS April 30, 2026 N-PORT
SZNE · Pacer Funds Trust 0.50% 434 NS April 30, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.48% 4,351 NS April 30, 2026 N-PORT
RECS · Columbia ETF Trust I 0.47% 166,935 NS April 30, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.46% 44,764 NS April 30, 2026 N-PORT
FFLC · FIDELITY COVINGTON TRUST 0.46% 33,575 NS April 30, 2026 N-PORT
EQIN · Columbia ETF Trust I 0.43% 7,796 NS April 30, 2026 N-PORT
AVMC · AMERICAN CENTURY ETF TRUST 0.43% 11,938 NS May 31, 2026 N-PORT
ABCS · EA Series Trust 0.43% 334 NS May 29, 2026 N-PORT
DFLV · Dimensional ETF Trust 0.40% 154,385 NS April 30, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.40% 5,531,111 SH Aug. 19, 2026 Daily