True North Advisors LLC Makes New Investment in D.R. Horton, Inc. (NYSE:DHI)

True North Advisors LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 23,092 shares of the construction company’s stock, valued at approximately $3,229,000. D.R. Horton comprises 0.8% of True North Advisors LLC’s portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its position in shares of D.R. Horton by 42.1% during the 2nd quarter. AE Wealth Management LLC now owns 5,274 shares of the construction company’s stock valued at $743,000 after purchasing an additional 1,563 shares during the period. ProShare Advisors LLC increased its stake in D.R. Horton by 6.3% in the 2nd quarter. ProShare Advisors LLC now owns 47,153 shares of the construction company’s stock worth $6,645,000 after buying an additional 2,806 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in D.R. Horton during the second quarter valued at about $211,000. Public Sector Pension Investment Board lifted its position in shares of D.R. Horton by 61.9% in the second quarter. Public Sector Pension Investment Board now owns 11,152 shares of the construction company’s stock valued at $1,572,000 after acquiring an additional 4,263 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of D.R. Horton by 3.3% in the second quarter. Evergreen Capital Management LLC now owns 6,755 shares of the construction company’s stock worth $952,000 after acquiring an additional 213 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 2.3 %

Shares of DHI opened at $147.01 on Thursday. D.R. Horton, Inc. has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $151.09 and its 200-day simple moving average is $169.16. The company has a market cap of $47.17 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.54 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.55% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7,120,170 billion. During the same quarter in the previous year, the business earned $2.82 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts expect that D.R. Horton, Inc. will post 13.97 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

Analyst Ratings Changes

DHI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Barclays dropped their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Citigroup reduced their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $174.53.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

D.R. Horton Company 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.