Myriad Asset Management US LP Invests $2.78 Million in D.R. Horton, Inc. (NYSE:DHI)

Myriad Asset Management US LP purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,844 shares of the construction company’s stock, valued at approximately $2,775,000. D.R. Horton makes up 1.9% of Myriad Asset Management US LP’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of DHI. Creative Planning increased its position in D.R. Horton by 18.0% in the 3rd quarter. Creative Planning now owns 44,031 shares of the construction company’s stock worth $8,400,000 after purchasing an additional 6,709 shares during the last quarter. NBC Securities Inc. raised its stake in shares of D.R. Horton by 6,157.1% during the 3rd quarter. NBC Securities Inc. now owns 876 shares of the construction company’s stock worth $167,000 after purchasing an additional 862 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares in the last quarter. Bfsg LLC raised its stake in shares of D.R. Horton by 117.3% during the 3rd quarter. Bfsg LLC now owns 389 shares of the construction company’s stock worth $74,000 after purchasing an additional 210 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of D.R. Horton by 5.3% during the 3rd quarter. Global Retirement Partners LLC now owns 5,957 shares of the construction company’s stock worth $1,136,000 after purchasing an additional 301 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $130.63 on Friday. D.R. Horton, Inc. has a 1-year low of $125.84 and a 1-year high of $199.85. The firm has a market capitalization of $41.16 billion, a PE ratio of 9.23, a PEG ratio of 0.58 and a beta of 1.76. The business’s 50 day moving average is $142.12 and its 200-day moving average is $166.44. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. D.R. Horton’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent analyst reports. Evercore ISI cut their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Barclays cut their price objective on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Finally, 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 note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.93.

Insider Buying and Selling at D.R. Horton

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

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.