Tiemann Investment Advisors LLC Invests $671,000 in D.R. Horton, Inc. $DHI

Tiemann Investment Advisors LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,117 shares of the construction company’s stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Citizens Financial Group Inc. RI bought a new stake in D.R. Horton in the second quarter worth $1,758,000. Buckland Partners Management Co LLC bought a new position in D.R. Horton during the second quarter valued at $326,000. UNIVEST FINANCIAL Corp bought a new position in D.R. Horton during the second quarter valued at $724,000. BlackRock Inc. purchased a new stake in shares of D.R. Horton in the second quarter valued at $4,067,842,000. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of D.R. Horton in the second quarter valued at $681,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.3%

NYSE DHI opened at $148.36 on Tuesday. The stock has a market cap of $41.50 billion, a PE ratio of 14.12, a PEG ratio of 2.36 and a beta of 1.37. D.R. Horton, Inc. has a 12 month low of $131.75 and a 12 month high of $184.54. The company’s 50-day moving average price is $152.05 and its 200-day moving average price is $149.79. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share 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 analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $3.36 EPS. Equities research analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is presently 17.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DHI. UBS Group lifted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Truist Financial increased their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.