Tiemann Investment Advisors LLC Takes $203,000 Position in D. R. Horton (DHI)

Tiemann Investment Advisors LLC purchased a new stake in D. R. Horton (NYSE:DHI) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 3,980 shares of the construction company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. increased its holdings in D. R. Horton by 4.2% in the 4th quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock valued at $1,570,810,000 after acquiring an additional 1,232,825 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in D. R. Horton by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock valued at $228,533,000 after acquiring an additional 306,287 shares during the last quarter. Millennium Management LLC increased its holdings in D. R. Horton by 309.9% in the 4th quarter. Millennium Management LLC now owns 5,053,089 shares of the construction company’s stock valued at $258,061,000 after acquiring an additional 3,820,298 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in D. R. Horton by 615.2% in the 4th quarter. Allianz Asset Management GmbH now owns 2,403,725 shares of the construction company’s stock valued at $122,758,000 after acquiring an additional 2,067,640 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in D. R. Horton by 12.1% in the 4th quarter. Guggenheim Capital LLC now owns 1,906,258 shares of the construction company’s stock valued at $97,354,000 after acquiring an additional 206,195 shares during the last quarter. Institutional investors own 84.68% of the company’s stock.

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A number of analysts have issued reports on DHI shares. Mizuho set a $56.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Bank of America lifted their price target on shares of D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Wedbush raised shares of D. R. Horton from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $43.44 to $50.00 in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 price objective on shares of D. R. Horton in a research note on Tuesday, January 9th. Finally, Barclays raised shares of D. R. Horton from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Monday, March 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $51.88.

DHI stock opened at $45.35 on Friday. D. R. Horton has a 12 month low of $31.98 and a 12 month high of $53.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. The stock has a market cap of $17,153.26, a P/E ratio of 16.55, a PEG ratio of 1.19 and a beta of 1.12.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. research analysts expect that D. R. Horton will post 3.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.10%. D. R. Horton’s dividend payout ratio is presently 18.25%.

In related news, Chairman Donald R. Horton sold 10,244 shares of D. R. Horton stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.23, for a total transaction of $432,604.12. Following the completion of the transaction, the chairman now directly owns 23,418,979 shares of the company’s stock, valued at approximately $988,983,483.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 940 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total transaction of $40,100.40. Following the completion of the sale, the director now directly owns 6,590 shares of the company’s stock, valued at $281,129.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 245,602 shares of company stock valued at $10,828,080. 7.20% of the stock is owned by corporate insiders.

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About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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