Lyell Wealth Management LP Increases Stock Holdings in D.R. Horton, Inc. $DHI

Lyell Wealth Management LP lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,307 shares of the construction company’s stock after buying an additional 4,470 shares during the period. D.R. Horton comprises about 1.3% of Lyell Wealth Management LP’s holdings, making the stock its 24th largest position. Lyell Wealth Management LP’s holdings in D.R. Horton were worth $17,760,000 as of its most recent filing with the Securities & Exchange Commission.

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

D.R. Horton Stock Up 5.0%

Shares of NYSE DHI opened at $153.99 on Friday. D.R. Horton, Inc. has a one year low of $119.54 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The business’s fifty day moving average price is $146.59 and its 200-day moving average price is $149.86. The stock has a market capitalization of $43.67 billion, a PE ratio of 14.43, a P/E/G ratio of 2.06 and a beta of 1.37.

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. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given 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 is currently 16.87%.

Analyst Ratings Changes

DHI has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Citigroup lifted their price target on D.R. Horton from $162.00 to $173.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. UBS Group lifted their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.54.

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.