Lyell Wealth Management LP Has $14.11 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Lyell Wealth Management LP increased its stake in D.R. Horton, Inc. by 2.0% in Q1, owning 110,992 shares valued at approximately $14.11 million.
• Several analysts have updated their price targets for D.R. Horton, with estimates ranging from $117.00 to $210.00, reflecting mixed ratings including six buy and two sell ratings.
• D.R. Horton reported a quarterly earnings per share of $3.36, exceeding estimates, despite a 7.4% year-over-year decline in revenue.

Lyell Wealth Management LP raised its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,992 shares of the construction company's stock after acquiring an additional 2,158 shares during the period. D.R. Horton makes up about 1.3% of Lyell Wealth Management LP's portfolio, making the stock its 22nd biggest holding. Lyell Wealth Management LP's holdings in D.R. Horton were worth $14,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after acquiring an additional 1,718,094 shares during the last quarter. Pacer Advisors Inc. increased its holdings in D.R. Horton by 4,630.6% in the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after purchasing an additional 1,655,309 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after buying an additional 911,960 shares in the last quarter. Two Sigma Investments LP boosted its stake in D.R. Horton by 1,838.0% during the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after acquiring an additional 832,358 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of D.R. Horton by 676.4% in the 4th quarter. Renaissance Technologies LLC now owns 756,538 shares of the construction company's stock valued at $105,779,000 after buying an additional 659,100 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Trading Up 5.2%

Shares of D.R. Horton stock traded up $7.39 on Friday, reaching $150.23. The company had a trading volume of 7,146,625 shares, compared to its average volume of 4,724,252. The firm has a market cap of $44.79 billion, a PE ratio of 12.05, a PEG ratio of 3.19 and a beta of 1.34. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The firm's 50 day moving average price is $130.51 and its two-hundred day moving average price is $129.45.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. D.R. Horton's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. D.R. Horton's dividend payout ratio (DPR) is currently 12.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Bank of America reduced their price objective on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 The Goldman Sachs Group reduced their price target on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group boosted their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, D.R. Horton has an average rating of "Hold" and an average price target of $153.23.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.