Myriad Asset Management Advisors LLC Makes New $1.76 Million Investment in D.R. Horton, Inc. $DHI

Myriad Asset Management Advisors LLC acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,222 shares of the construction company’s stock, valued at approximately $1,760,000.

A number of other hedge funds have also recently added to or reduced their stakes in DHI. Capital World Investors boosted its holdings in D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after purchasing an additional 18,607,545 shares during the period. Norges Bank acquired a new position in D.R. Horton in the fourth quarter worth $649,305,000. Capital International Investors acquired a new position in D.R. Horton in the third quarter worth $395,179,000. Boston Partners acquired a new position in D.R. Horton in the third quarter worth $274,784,000. Finally, Viking Global Investors LP lifted its stake in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after buying an additional 1,469,978 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DHI. Wells Fargo & Company raised their target price on D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Citigroup raised their target price on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group raised their target price on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada raised their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Price Performance

Shares of DHI opened at $146.76 on Thursday. The firm has a market capitalization of $41.62 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. D.R. Horton, Inc. has a one year low of $119.54 and a one year high of $184.54. The stock’s fifty day moving average is $146.25 and its 200-day moving average is $149.81.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $2.58 earnings per share. Equities analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is 16.87%.

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.