12,222 Shares in D.R. Horton, Inc. $DHI Purchased by Myriad Asset Management Advisors LLC

Myriad Asset Management Advisors LLC bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 12,222 shares of the construction company’s stock, valued at approximately $1,760,000.

Other hedge funds have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in D.R. Horton during the fourth quarter worth about $25,000. Sound Income Strategies LLC acquired a new position in D.R. Horton during the fourth quarter worth about $27,000. Ameriflex Group Inc. acquired a new position in D.R. Horton during the third quarter worth about $31,000. Elevated Capital Advisors LLC acquired a new position in D.R. Horton during the fourth quarter worth about $27,000. Finally, First Horizon Corp grew its holdings in D.R. Horton by 81.3% during the fourth quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after acquiring an additional 100 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Barclays lifted their target price on D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. UBS Group lifted their target price on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group lifted their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Truist Financial lifted their price target on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $168.54.

D.R. Horton Trading Down 2.9%

Shares of DHI opened at $146.76 on Thursday. The business’s 50-day moving average price is $146.25 and its 200 day moving average price is $149.81. The stock has a market capitalization of $41.62 billion, a P/E ratio of 13.75, a P/E/G ratio of 2.12 and a beta of 1.37. D.R. Horton, Inc. has a 1-year low of $119.54 and a 1-year 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.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The firm had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $2.58 EPS. Analysts expect that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.87%.

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.