KG&L Capital Management LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

KG&L Capital Management LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,565 shares of the construction company's stock, valued at approximately $326,000.

Other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC raised its position in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton in the fourth quarter worth about $38,000. Itau Unibanco Holding S.A. bought a new stake in D.R. Horton during the 4th quarter worth about $43,000. Oarsman Capital Inc. raised its holdings in D.R. Horton by 146.7% during the 4th quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after purchasing an additional 198 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in D.R. Horton during the 4th quarter valued at about $54,000. 90.63% of the stock is owned by institutional investors.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director now directly owns 2,193 shares of the company's stock, valued at $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DHI shares. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Bank of America reduced their price objective on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JMP Securities lowered their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Trading Up 1.3%

Shares of DHI traded up $1.62 during trading hours on Friday, reaching $128.77. The stock had a trading volume of 4,089,538 shares, compared to its average volume of 3,096,507. The company has a market cap of $39.56 billion, a P/E ratio of 9.75, a P/E/G ratio of 3.98 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $123.17 and a 200 day moving average of $130.25.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the company earned $3.52 earnings per share. On average, sell-side analysts expect that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.24%. D.R. Horton's payout ratio is 12.11%.

D.R. Horton Company Profile

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.