Myriad Asset Management US LP Cuts Stock Position in D.R. Horton, Inc. $DHI

Myriad Asset Management US LP decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 73.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,845 shares of the construction company’s stock after selling 5,019 shares during the quarter. Myriad Asset Management US LP’s holdings in D.R. Horton were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Concord Wealth Partners acquired a new position in shares of D.R. Horton during the third quarter worth about $25,000. Canton Hathaway LLC acquired a new stake in D.R. Horton in the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton in the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the second quarter valued at approximately $29,000. Finally, Ameriflex Group Inc. acquired a new position in shares of D.R. Horton during the third quarter worth $31,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the subject of several analyst reports. Citizens Jmp restated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. Barclays cut their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Bank of America set a $158.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Evercore raised their target price on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reiterated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $159.93.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.

D.R. Horton Trading Up 0.2%

Shares of NYSE DHI opened at $139.93 on Friday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $150.15 and its two-hundred day moving average price is $152.60. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The stock has a market capitalization of $40.54 billion, a P/E ratio of 12.71, a PEG ratio of 2.17 and a beta of 1.44.

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

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s payout ratio is presently 16.35%.

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.