Tiemann Investment Advisors LLC Acquires New Shares in D.R. Horton, Inc. $DHI

Tiemann Investment Advisors LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,117 shares of the construction company’s stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors raised its holdings in shares of D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. BlackRock Inc. bought a new position in shares of D.R. Horton during the second quarter valued at approximately $4,067,842,000. Capital Research Global Investors boosted its stake in shares of D.R. Horton by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton during the fourth quarter valued at approximately $649,305,000. Finally, Morgan Stanley increased its holdings in D.R. Horton by 1.9% during the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after buying an additional 67,578 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 0.3%

Shares of D.R. Horton stock opened at $148.36 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a market cap of $41.50 billion, a P/E ratio of 14.12, a PEG ratio of 2.36 and a beta of 1.37. The firm’s 50 day moving average price is $152.05 and its 200-day moving average price is $149.79. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.36 earnings per share. On average, sell-side analysts predict that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s dividend payout ratio is currently 17.13%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. BTIG Research set a $184.00 target price on D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods cut their price target on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a report on Wednesday, July 22nd. UBS Group boosted their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada restated a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company dropped their price objective on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $166.92.

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.