Lyell Wealth Management LP Has $15.22 Million Stake in D.R. Horton, Inc. (NYSE:DHI)

Lyell Wealth Management LP boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,834 shares of the construction company’s stock after purchasing an additional 2,065 shares during the period. D.R. Horton comprises approximately 1.4% of Lyell Wealth Management LP’s investment portfolio, making the stock its 20th biggest position. Lyell Wealth Management LP’s holdings in D.R. Horton were worth $15,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of DHI. Coastline Trust Co acquired a new stake in D.R. Horton during the 3rd quarter worth about $26,000. Rakuten Securities Inc. grew its holdings in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the period. Golden State Wealth Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $30,000. FSA Wealth Management LLC acquired a new stake in D.R. Horton during the 3rd quarter worth about $47,000. Finally, Ashton Thomas Securities LLC acquired a new stake in D.R. Horton during the 3rd quarter worth about $50,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on DHI. Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Barclays decreased their price target on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. UBS Group reduced their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

D.R. Horton stock opened at $129.71 on Wednesday. D.R. Horton, Inc. has a 52 week low of $125.84 and a 52 week high of $199.85. The company’s 50 day moving average price is $140.95 and its two-hundred day moving average price is $165.57. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $40.87 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.55 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping 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 18.48%. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. D.R. Horton’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. D.R. Horton’s payout ratio is currently 11.31%.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

About D.R. Horton

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.