Mawer Investment Management Ltd. Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Mawer Investment Management Ltd. acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 76,849 shares of the construction company’s stock, valued at approximately $14,660,000.

Several other large investors have also made changes to their positions in DHI. Meeder Advisory Services Inc. lifted its position in shares of D.R. Horton by 1.5% in the third quarter. Meeder Advisory Services Inc. now owns 8,248 shares of the construction company’s stock worth $1,573,000 after buying an additional 121 shares in the last quarter. Strengthening Families & Communities LLC lifted its position in shares of D.R. Horton by 10.5% in the third quarter. Strengthening Families & Communities LLC now owns 9,791 shares of the construction company’s stock worth $1,868,000 after buying an additional 928 shares in the last quarter. MAI Capital Management purchased a new stake in shares of D.R. Horton in the third quarter worth about $2,281,000. Thrivent Financial for Lutherans lifted its position in shares of D.R. Horton by 2.2% in the third quarter. Thrivent Financial for Lutherans now owns 438,225 shares of the construction company’s stock worth $83,600,000 after buying an additional 9,624 shares in the last quarter. Finally, Schear Investment Advisers LLC purchased a new stake in shares of D.R. Horton in the third quarter worth about $1,308,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. UBS Group reduced their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. 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 research note on Tuesday, October 15th. BTIG Research reduced their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Stock Performance

DHI stock traded up $0.32 during midday trading on Monday, reaching $161.93. The stock had a trading volume of 127,186 shares, compared to its average volume of 2,506,871. The stock has a market cap of $52.76 billion, a PE ratio of 11.25, a P/E/G ratio of 0.57 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a fifty day simple moving average of $182.40 and a two-hundred day simple moving average of $167.12. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $4.45 EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

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

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.