Kingsman Wealth Management Inc. Buys New Shares in D.R. Horton, Inc. $DHI

Kingsman Wealth Management Inc. purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, Holdings Channel reports. The firm purchased 4,958 shares of the construction company’s stock, valued at approximately $840,000.

Several other hedge funds also recently modified their holdings of the stock. Ascent Group LLC boosted its position in D.R. Horton by 21.7% during the third quarter. Ascent Group LLC now owns 3,112 shares of the construction company’s stock valued at $527,000 after purchasing an additional 555 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of D.R. Horton by 29.1% in the third quarter. Sivia Capital Partners LLC now owns 3,021 shares of the construction company’s stock valued at $512,000 after buying an additional 681 shares in the last quarter. Diversified Trust Co increased its holdings in D.R. Horton by 5.7% during the third quarter. Diversified Trust Co now owns 2,949 shares of the construction company’s stock worth $500,000 after buying an additional 160 shares during the last quarter. waypoint wealth counsel bought a new stake in D.R. Horton during the third quarter worth $277,000. Finally, Retireful LLC bought a new position in shares of D.R. Horton in the 3rd quarter valued at about $303,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.3%

Shares of D.R. Horton stock opened at $145.46 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The firm has a 50-day moving average of $150.07 and a 200-day moving average of $152.46. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The stock has a market cap of $42.34 billion, a PE ratio of 12.55, a PEG ratio of 1.74 and a beta of 1.38.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a net margin of 10.47% and a return on equity of 14.39%. The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.44 billion. During the same period in the prior year, the firm earned $3.92 EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were paid a dividend of $0.45 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 15.53%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI set a $169.00 price target on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a report on Monday. Barclays lifted their price objective on shares of D.R. Horton from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Bank of America dropped their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Finally, Wells Fargo & Company reduced their target price on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $161.08.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.