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

Myriad Asset Management US LP purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,844 shares of the construction company's stock, valued at approximately $2,775,000. D.R. Horton makes up approximately 1.9% of Myriad Asset Management US LP's holdings, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Coastline Trust Co acquired a new position in D.R. Horton in the third quarter valued at about $26,000. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $30,000. Rakuten Securities Inc. lifted its stake in D.R. Horton by 216.7% in 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 lifted its stake in D.R. Horton by 152.8% in 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, Wolff Wiese Magana LLC lifted its stake in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Wedbush restated a "neutral" rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. UBS Group decreased their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Finally, Royal Bank of Canada restated an "underperform" rating and issued a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $170.93.

D.R. Horton Price Performance

NYSE DHI traded down $3.07 during midday trading on Wednesday, hitting $126.74. The company had a trading volume of 3,880,023 shares, compared to its average volume of 3,634,091. The company has a market capitalization of $39.94 billion, a PE ratio of 8.96, a P/E/G ratio of 0.55 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $140.41 and a 200-day moving average price of $165.23. D.R. Horton, Inc. has a twelve month low of $124.23 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company posted $2.82 EPS. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. D.R. Horton's dividend payout ratio is currently 11.31%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

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.