Lyell Wealth Management LP Buys 2,065 Shares of D.R. Horton, Inc. (NYSE:DHI)

Lyell Wealth Management LP lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 108,834 shares of the construction company’s stock after acquiring an additional 2,065 shares during the period. D.R. Horton makes up 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 filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Coastline Trust Co bought a new stake in D.R. Horton in the third quarter worth $26,000. Golden State Wealth Management LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at about $30,000. Rakuten Securities Inc. increased its position in shares of D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in D.R. Horton in the fourth quarter worth about $43,000. 90.63% of the stock is owned by institutional investors.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The shares were 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 is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $160.00 to $150.00 in a research report on Monday, January 27th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Performance

DHI opened at $129.71 on Wednesday. The stock has a market capitalization of $40.87 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.55 and a beta of 1.76. The company has a fifty day moving average of $140.95 and a 200 day moving average of $165.57. D.R. Horton, Inc. has a fifty-two week low of $125.84 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the company posted $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

D.R. Horton 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.