Lyell Wealth Management LP Raises Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Lyell Wealth Management LP boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,928 shares of the construction company’s stock after acquiring an additional 86 shares during the quarter. D.R. Horton accounts for 1.8% of Lyell Wealth Management LP’s portfolio, making the stock its 13th biggest holding. Lyell Wealth Management LP’s holdings in D.R. Horton were worth $15,491,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Oakworth Capital Inc. bought a new position in D.R. Horton in the 4th quarter worth about $38,000. BluePath Capital Management LLC bought a new position in D.R. Horton in the third quarter worth approximately $33,000. Friedenthal Financial purchased a new position in D.R. Horton during the 4th quarter worth $47,000. AdvisorNet Financial Inc raised its position in D.R. Horton by 81.8% during the 4th quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock valued at $55,000 after purchasing an additional 162 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of D.R. Horton by 37,500.0% during the 4th quarter. ORG Partners LLC now owns 376 shares of the construction company’s stock worth $57,000 after buying an additional 375 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI stock traded down $1.91 during trading on Wednesday, reaching $146.12. The company had a trading volume of 2,048,044 shares, compared to its average volume of 2,578,408. The company has a market cap of $48.49 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.71 and a beta of 1.64. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a 50-day simple moving average of $151.94 and a 200-day simple moving average of $139.79.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.73 earnings per share. As a group, sell-side analysts expect that D.R. Horton, Inc. will post 14.27 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.17%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders sold 27,560 shares of company stock valued at $4,279,636 over the last quarter. 1.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research report on Thursday, April 18th. Jefferies Financial Group lifted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. BTIG Research lowered their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, Barclays cut their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Company 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.