Myriad Asset Management US LP Makes New Investment in D.R. Horton, Inc. $DHI

Myriad Asset Management US LP acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 6,864 shares of the construction company’s stock, valued at approximately $1,163,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DHI. SteelPeak Wealth LLC raised its holdings in shares of D.R. Horton by 65.9% during the 2nd quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock valued at $1,296,000 after buying an additional 3,993 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of D.R. Horton during the second quarter worth $191,491,000. Trinity Street Asset Management LLP acquired a new stake in D.R. Horton during the 3rd quarter valued at $25,140,000. Nordea Investment Management AB increased its stake in D.R. Horton by 17.0% during the 3rd quarter. Nordea Investment Management AB now owns 875,743 shares of the construction company’s stock worth $146,538,000 after buying an additional 127,553 shares during the period. Finally, RoundAngle Advisors LLC acquired a new position in D.R. Horton in the 3rd quarter worth $1,703,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on DHI shares. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Evercore ISI lifted their price target on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday. Wells Fargo & Company set a $158.00 price objective on shares of D.R. Horton in a report on Wednesday. BTIG Research set a $182.00 price target on D.R. Horton in a research note on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.92.

D.R. Horton Price Performance

NYSE DHI opened at $155.79 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a fifty day simple moving average of $151.01 and a 200 day simple moving average of $155.01. 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 P/E ratio of 14.15, a P/E/G ratio of 2.03 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last released its quarterly 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 net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the company earned $2.61 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced 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. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 15.53%.

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.