Lyell Wealth Management LP Buys 2,158 Shares of D.R. Horton, Inc. (NYSE:DHI)

Lyell Wealth Management LP boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,992 shares of the construction company’s stock after purchasing an additional 2,158 shares during the period. D.R. Horton makes up approximately 1.3% of Lyell Wealth Management LP’s holdings, making the stock its 22nd largest position. Lyell Wealth Management LP’s holdings in D.R. Horton were worth $14,110,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Natixis Advisors LLC lifted its stake in D.R. Horton by 16.7% in the 1st quarter. Natixis Advisors LLC now owns 231,636 shares of the construction company’s stock worth $29,447,000 after purchasing an additional 33,112 shares in the last quarter. NorthRock Partners LLC lifted its stake in D.R. Horton by 5.6% in the 1st quarter. NorthRock Partners LLC now owns 4,493 shares of the construction company’s stock worth $571,000 after purchasing an additional 239 shares in the last quarter. Bayforest Capital Ltd lifted its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after purchasing an additional 194 shares in the last quarter. Tredje AP fonden purchased a new stake in D.R. Horton in the 1st quarter worth $51,233,000. Finally, Banque Cantonale Vaudoise purchased a new stake in D.R. Horton in the 1st quarter worth $283,000. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JMP Securities decreased their target price on shares of D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company upped their price target on shares of D.R. Horton from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group upped their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada set a $117.00 price target on shares of D.R. Horton and gave the company an “underperform” rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $153.23.

D.R. Horton Price Performance

Shares of DHI opened at $143.30 on Thursday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The firm’s 50 day moving average price is $129.40 and its 200 day moving average price is $129.36. The company has a market cap of $42.72 billion, a P/E ratio of 11.49, a PEG ratio of 3.20 and a beta of 1.38. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.10 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. D.R. Horton’s dividend payout ratio is presently 12.83%.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the sale, the director directly owned 2,193 shares of the company’s stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is 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.