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

Key Points

• KLP Kapitalforvaltning AS increased its holdings in D.R. Horton, purchasing an additional 1,800 shares, which brings their total stake to nearly 100,000 shares valued at approximately $12.9 million.
• Institutional investors own about 90.63% of D.R. Horton’s stock, with several firms like Vanguard and Invesco significantly increasing their positions in the company.
• D.R. Horton recently reported a quarterly earnings per share (EPS) of $3.36, exceeding estimates, and has announced a quarterly dividend of $0.40 per share.

KLP Kapitalforvaltning AS grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 1.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,933 shares of the construction company's stock after acquiring an additional 1,800 shares during the period. KLP Kapitalforvaltning AS's holdings in D.R. Horton were worth $12,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in D.R. Horton by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock worth $4,279,706,000 after buying an additional 642,642 shares during the period. Dimensional Fund Advisors LP boosted its holdings in D.R. Horton by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock worth $446,093,000 after buying an additional 33,412 shares during the period. Invesco Ltd. boosted its holdings in D.R. Horton by 23.1% in the 1st quarter. Invesco Ltd. now owns 2,520,422 shares of the construction company's stock worth $320,421,000 after buying an additional 472,382 shares during the period. Amundi boosted its holdings in D.R. Horton by 60.2% in the 1st quarter. Amundi now owns 2,176,211 shares of the construction company's stock worth $266,811,000 after buying an additional 817,998 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in D.R. Horton by 652.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after buying an additional 1,718,094 shares during the period. 90.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group raised their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the company an "in-line" rating in a report on Tuesday. Bank of America raised their price target on shares of D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. Citigroup raised their price target on shares of D.R. Horton from $162.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, October 1st. Finally, Royal Bank Of Canada raised their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $157.31.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $158.56 on Thursday. The stock has a market cap of $47.27 billion, a PE ratio of 12.72, a PEG ratio of 3.34 and a beta of 1.40. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $195.50. 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 company's fifty day moving average is $166.94 and its 200 day moving average is $140.58.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company's revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Insiders Place Their Bets

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman owned 815,672 shares of the company's stock, valued at $148,623,595.12. This trade represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 in the last quarter. Insiders own 0.54% of the company's stock.

D.R. Horton 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.

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