Impax Asset Management Group plc Acquires New Holdings in D.R. Horton, Inc. (NYSE:DHI)

Impax Asset Management Group plc bought a new stake in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,331 shares of the construction company’s stock, valued at approximately $4,260,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. grew its holdings in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after buying an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC grew its holdings in D.R. Horton by 1.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after buying an additional 59 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares during the last quarter. Whittier Trust Co. grew its holdings in D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after buying an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. grew its holdings in D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.3 %

Shares of DHI opened at $161.61 on Friday. The stock has a fifty day moving average price of $182.89 and a two-hundred day moving average price of $166.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The company has a market cap of $52.66 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.56 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the firm posted $4.45 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts predict that D.R. Horton, Inc. will post 14.92 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be given a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.99%. D.R. Horton’s payout ratio is presently 11.14%.

Analyst Ratings Changes

A number of analysts have issued reports on DHI shares. JPMorgan Chase & Co. raised their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada decreased their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Citigroup decreased their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $185.87.

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.