Tiemann Investment Advisors LLC bought a new position in D. R. Horton Inc (NYSE:DHI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 modified their holdings of DHI. Millennium Management LLC increased its position in D. R. Horton by 309.9% in the fourth quarter. Millennium Management LLC now owns 5,053,089 shares of the construction company’s stock worth $258,061,000 after buying an additional 3,820,298 shares during the period. Allianz Asset Management GmbH increased its position in D. R. Horton by 615.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,403,725 shares of the construction company’s stock worth $122,758,000 after buying an additional 2,067,640 shares during the period. Marble Arch Investments LP acquired a new stake in D. R. Horton in the fourth quarter worth $96,231,000. BlackRock Inc. increased its position in D. R. Horton by 4.2% in the fourth quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock worth $1,570,810,000 after buying an additional 1,232,825 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in D. R. Horton in the fourth quarter worth $56,286,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.
D. R. Horton Inc (DHI) opened at $44.39 on Thursday. D. R. Horton Inc has a 52 week low of $31.98 and a 52 week high of $53.32. The firm has a market capitalization of $16,690.00, a PE ratio of 14.95, a P/E/G ratio of 1.17 and a beta of 1.20. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.
The company also recently announced 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 was Thursday, February 22nd. This represents a $0.50 annualized dividend and a yield of 1.13%. D. R. Horton’s dividend payout ratio is currently 16.84%.
In related news, Director Michael W. Hewatt sold 3,423 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $41.84, for a total transaction of $143,218.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bill W. Wheat sold 2,670 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $45.01, for a total value of $120,176.70. Following the transaction, the chief financial officer now directly owns 101,874 shares of the company’s stock, valued at approximately $4,585,348.74. The disclosure for this sale can be found here. Insiders have sold 245,602 shares of company stock valued at $10,828,080 in the last ninety days. Company insiders own 7.20% of the company’s stock.
Several research analysts have recently issued reports on the company. Wedbush raised D. R. Horton from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $43.44 to $50.00 in a research note on Wednesday, March 7th. ValuEngine raised D. R. Horton from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America increased their price target on D. R. Horton to $71.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Mizuho set a $56.00 price target on D. R. Horton and gave the stock a “hold” rating in a research note on Thursday, January 18th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $58.00 price target on shares of D. R. Horton in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $52.69.
About D. R. Horton
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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