Myriad Asset Management US LP Acquires Shares of 6,864 D.R. Horton, Inc. $DHI

Myriad Asset Management US LP acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,864 shares of the construction company’s stock, valued at approximately $1,163,000.

Several other hedge funds also recently added to or reduced their stakes in DHI. Canton Hathaway LLC bought a new position in D.R. Horton in the 3rd quarter worth about $26,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter worth $29,000. Grey Fox Wealth Advisors LLC acquired a new stake in D.R. Horton in the third quarter worth about $40,000. Finally, Hantz Financial Services Inc. increased its stake in D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

Shares of DHI stock opened at $155.79 on Friday. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The company has a current ratio of 6.63, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. The company has a market cap of $45.35 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.03 and a beta of 1.42. The stock has a 50 day simple moving average of $151.01 and a 200-day simple moving average of $155.01.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the company earned $2.61 EPS. D.R. Horton’s revenue was down 9.5% on a year-over-year basis. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s dividend payout ratio is 15.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DHI shares. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. Wells Fargo & Company set a $158.00 price target on shares of D.R. Horton in a research note on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. UBS Group reiterated a “buy” rating and set a $193.00 price objective on shares of D.R. Horton in a research note on Tuesday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus price target of $160.92.

D.R. Horton 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.