True North Advisors LLC Purchases Shares of 23,092 D.R. Horton, Inc. (NYSE:DHI)

True North Advisors LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 23,092 shares of the construction company’s stock, valued at approximately $3,229,000. D.R. Horton comprises approximately 0.8% of True North Advisors LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds also recently bought and sold shares of DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $1,853,178,000. FMR LLC increased its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI bought a new position in D.R. Horton in the 3rd quarter worth $72,672,000. Nordea Investment Management AB boosted its stake in shares of D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after purchasing an additional 215,947 shares in the last quarter. Finally, KBC Group NV increased its position in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the period. Institutional investors own 90.63% of the company’s stock.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of several research reports. The Goldman Sachs Group cut their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday. Finally, BTIG Research dropped their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $174.53.

D.R. Horton Stock Up 2.3 %

DHI stock opened at $147.01 on Thursday. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The business has a fifty day moving average price of $151.09 and a 200-day moving average price of $169.16.

D.R. Horton (NYSE:DHI) last posted 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 net margin of 12.69% and a return on equity of 18.55%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same quarter in the prior year, the business earned $2.82 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts forecast that D.R. Horton, Inc. will post 13.97 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. D.R. Horton’s dividend payout ratio is presently 11.31%.

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.