Kingsman Wealth Management Inc. Makes New $840,000 Investment in D.R. Horton, Inc. $DHI

Kingsman Wealth Management Inc. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent filing with the SEC. The firm acquired 4,958 shares of the construction company’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new stake in D.R. Horton in the second quarter worth about $29,000. Bayforest Capital Ltd boosted its stake in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after buying an additional 319 shares during the period. Ransom Advisory Ltd bought a new stake in shares of D.R. Horton during the first quarter worth approximately $51,000. Finally, Adirondack Trust Co. lifted 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 valued at $52,000 after buying an additional 141 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company dropped 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 research report on Monday, December 8th. Royal Bank Of Canada upped their price objective on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, October 29th. Evercore ISI set a $169.00 target price on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. Finally, 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 note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $161.08.

D.R. Horton Price Performance

Shares of DHI opened at $145.46 on Wednesday. The stock has a 50 day simple moving average of $150.07 and a 200 day simple 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 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 market capitalization of $42.34 billion, a PE ratio of 12.55, a P/E/G ratio of 1.74 and a beta of 1.38.

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

D.R. Horton Increases Dividend

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

D.R. Horton 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.