Allspring Global Investments Holdings Reduces $156M in D.R. Horton, Inc. ($DHI)
Allspring Global Investments significantly reduced its holdings in D.R. Horton, selling 937,470 shares.
Key Points
- Allspring Global Investments reduced its stake in D.R. Horton by 61.6%, selling 937,470 shares and holding 584,992 shares valued at $97.7 million.
- D.R. Horton shares traded near $166.95 on Friday, with a market cap of $47.34 billion and a P/E ratio of 15.68.
- Insider transactions included multiple purchases and sales on April 22, 2026, with analysts maintaining varied ratings and price targets.
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Allspring Global Investments Holdings has significantly reduced its investment in D.R. Horton, Inc. (NYSE: DHI). According to its latest SEC filing as of May 5, 2026, the fund cut its stake by 61.6%, selling 937,470 shares. This reduction brought its total holdings down to 584,992 shares, valued at approximately $97.7 million.
Allspring Global Investments Holdings vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Allspring Global Investments' D.R. Horton Position
Allspring Global Investments made a substantial adjustment to its position in D.R. Horton, decreasing its holdings by 61.6%. The fund now holds 584,992 shares, down from 1,522,462 shares previously, indicating a significant reduction in its investment.
Other Institutional Activity in D.R. Horton
Several other institutional investors have also been active in D.R. Horton. Capital World Investors slightly trimmed its position by 12,328 shares, maintaining a total of 36,936,106 shares valued at about $5.07 billion. BlackRock, Inc. reduced its holdings by 478,318 shares, now owning 27,843,232 shares worth approximately $3.82 billion, a 1.7% decrease. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, each acquiring over 12 million shares. Meanwhile, State Street Corp reduced its position by 232,483 shares, ending with 11,859,597 shares valued at $1.63 billion, a 1.9% decrease. FMR LLC increased its holdings by 2,336,938 shares, a 31.5% boost, now holding 9,763,598 shares worth about $1.34 billion.
D.R. Horton, Inc. Stock Up 12.8%
Shares of NYSE:DHI traded near $166.95 on Friday. D.R. Horton has a market cap of approximately $47.34 billion and a P/E ratio of 15.68. The stock has seen a 52-week low of $125.04 and a high of $184.55, with a 50-day moving average of $149.69 and a 200-day moving average of $152.26. The company maintains a current ratio of 6.37 and a quick ratio of 0.432, with a debt-to-equity ratio of 27.45.
$DHI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
D.R. Horton's recent earnings report showed revenue of $33.35 billion, with a slight decline in revenue growth of -2.3%. The company's net margin stood at 9.51%, and return on equity was 13.08%. The next earnings report is expected on July 21, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 3.0%. Revenue missed estimates by 1.5%.
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Profit surprise
EBITDA missed by 16 percent. Operating income missed by 12 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
7 target raises.
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Earnings quality
Gross margin down 2.0 points. Operating margin down 2.4 points. Positive free cash flow.
Earnings Call Summary
The company delivered a solid first quarter with $6.9 billion in revenue and $2.24 in earnings per share, beating profit expectations but falling short on sales. Orders rose 3 percent and community count jumped 12 percent year over year, reflecting broad expansion. However, management noted that incentives and rate buy-downs increased throughout the quarter and will weigh on second quarter margins, with the lowest fixed rate offer staying at 3.099 percent. Management remains cautious about affordability and demand uncertainty but feels positioned for the spring selling season.
Guidance D.R. Horton guided for about $33.5 billion to $35 billion in sales for all of fiscal 2026, with 86,000 to 88,000 homes closed. For next quarter they expect $7.3 billion to $7.8 billion in revenue and 19,700 to 20,200 closings, with gross margins of 19 to 19.5 percent because incentives are higher.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
D.R. Horton offers an annual dividend rate of $1.80 per share, yielding 1.08% with a payout ratio of 15.96%.
Insider Buying and Selling at D.R. Horton, Inc.
Recent insider trading activity at D.R. Horton included multiple transactions on April 22, 2026. EVP and COO Michael Murray sold 4,992 shares at an average price of $162.95. President and CEO Paul Romanowski and Executive Chairman David Auld both executed several transactions, buying and selling shares on the same day, with Romanowski selling 6,024 shares and buying 7,665, while Auld sold 4,013 shares and bought 5,110.
Analysts Set New Price Targets
On April 23, 2026, Citigroup maintained its hold rating on D.R. Horton, setting a price target of $173. UBS and Goldman Sachs both maintained buy ratings, with price targets of $206 and $190, respectively. Wells Fargo and Barclays maintained hold ratings with targets of $170 and $140, while RBC Capital maintained a sell rating with a target of $123. The consensus recommendation is to hold, with a mean price target of $168.23 based on 13 analyst opinions.
About D.R. Horton
D.R. Horton, Inc., headquartered in Arlington, Texas, is a leading homebuilder in the United States. Founded in 1978, the company develops and sells residential homes, including single-family detached homes and attached homes like townhomes. It operates in 126 markets across 36 states. D.R. Horton also provides mortgage financing, title agency services, and engages in the development of residential lots. The company is led by CEO Paul J. Romanowski and employs over 14,000 people.
Bottom Line
Allspring Global Investments' significant reduction in its D.R. Horton holdings is a notable shift in its investment strategy. Investors keep a close eye on such filings to gauge institutional sentiment. It's essential to remember that 13F filings are backward-looking and may not reflect current positions.
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