Vaughan Nelson Investment Management L.P. Makes New $17.46 Million Investment in D.R. Horton, Inc. (NYSE:DHI)

Vaughan Nelson Investment Management L.P. bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 91,505 shares of the construction company's stock, valued at approximately $17,456,000.

A number of other institutional investors have also made changes to their positions in the stock. Natixis Advisors LLC raised its holdings in D.R. Horton by 12.8% in the third quarter. Natixis Advisors LLC now owns 211,175 shares of the construction company's stock worth $40,285,000 after purchasing an additional 23,893 shares during the period. Mizuho Securities USA LLC raised its stake in D.R. Horton by 82.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 41,680 shares of the construction company's stock worth $7,951,000 after buying an additional 18,826 shares during the period. Coastline Trust Co bought a new position in D.R. Horton during the third quarter worth about $26,000. Bank of Marin acquired a new position in D.R. Horton in the third quarter valued at about $339,000. Finally, Empirical Finance LLC increased its holdings in shares of D.R. Horton by 1.0% in the third quarter. Empirical Finance LLC now owns 15,080 shares of the construction company's stock worth $2,877,000 after acquiring an additional 154 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

Shares of DHI stock traded down $0.16 during trading on Monday, reaching $161.45. 1,899,062 shares of the company's stock were exchanged, compared to its average volume of 2,515,182. The firm's fifty day moving average price is $182.40 and its 200-day moving average price is $167.12. D.R. Horton, Inc. has a twelve month low of $125.28 and a twelve month high of $199.85. The stock has a market capitalization of $52.61 billion, a PE ratio of 11.25, a PEG ratio of 0.57 and a beta of 1.74. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI - Get Free Report) last posted 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 company had revenue of $10 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.45 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.40 per share. This is a boost 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 presently 11.14%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DHI. UBS Group decreased their price objective on D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Barclays lowered their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective on the stock in a research report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $185.87.

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.