KLP Kapitalforvaltning AS Buys 1,800 Shares of D.R. Horton, Inc. $DHI

KLP Kapitalforvaltning AS grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 99,933 shares of the construction company’s stock after purchasing an additional 1,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in D.R. Horton were worth $12,883,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in D.R. Horton in the first quarter worth about $26,000. Bayforest Capital Ltd grew its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new stake in D.R. Horton in the first quarter worth about $34,000. Ransom Advisory Ltd purchased a new stake in D.R. Horton in the first quarter worth about $51,000. Finally, Adirondack Trust Co. grew its holdings in D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after purchasing an additional 141 shares during the period. Institutional investors own 90.63% of the company’s stock.

Insider Activity

In other news, Director Michael R. Buchanan sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the transaction, the director directly owned 1,193 shares of the company’s stock, valued at $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,376 shares of company stock valued at $5,898,848 over the last three months. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DHI shares. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a report on Wednesday. Wedbush upped their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Bank of America upped their price objective on shares of D.R. Horton from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. Keefe, Bruyette & Woods upped their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Finally, UBS Group upped their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $157.31.

D.R. Horton Stock Down 1.6%

DHI opened at $158.56 on Thursday. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average price of $166.94 and a 200-day moving average price of $140.58. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $195.50. The stock has a market capitalization of $47.27 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.34 and a beta of 1.40.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company earned $4.10 earnings per share. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton’s payout ratio is presently 12.83%.

About D.R. Horton

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.