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

Mawer Investment Management Ltd. boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,550 shares of the construction company’s stock after buying an additional 11,701 shares during the quarter. Mawer Investment Management Ltd.’s holdings in D.R. Horton were worth $12,381,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in D.R. Horton during the fourth quarter worth $30,000. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton during the fourth quarter worth $38,000. Sierra Ocean LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at about $43,000. Finally, FSA Wealth Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth $47,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DHI shares. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. The Goldman Sachs Group decreased their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Finally, Wells Fargo & Company reduced their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $125.87 on Friday. The firm’s fifty day moving average is $132.91 and its two-hundred day moving average is $155.01. D.R. Horton, Inc. has a 52-week low of $124.23 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market cap of $39.66 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm earned $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

About D.R. Horton

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.