Lyell Wealth Management LP grew its position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,307 shares of the construction company’s stock after buying an additional 4,470 shares during the period. D.R. Horton accounts for 1.3% of Lyell Wealth Management LP’s investment portfolio, making the stock its 24th largest position. Lyell Wealth Management LP’s holdings in D.R. Horton were worth $17,760,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Core Wealth Advisors LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $25,000. Sound Income Strategies LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $27,000. Elevated Capital Advisors LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $27,000. Ameriflex Group Inc. bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $31,000. Finally, First Horizon Corp raised its stake in shares of D.R. Horton by 81.3% during the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. 90.63% of the stock is currently owned by institutional investors.
D.R. Horton Price Performance
DHI opened at $153.99 on Friday. The stock has a 50-day moving average price of $146.59 and a 200-day moving average price of $149.86. D.R. Horton, Inc. has a 12-month low of $119.54 and a 12-month high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $43.67 billion, a P/E ratio of 14.43, a PEG ratio of 2.06 and a beta of 1.37.
D.R. Horton Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on DHI. Citigroup boosted their price objective on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Truist Financial boosted their price objective on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada boosted their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company boosted their target price on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $168.54.
Check Out Our Latest Research Report on DHI
About D.R. Horton
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.
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