AEGON ASSET MANAGEMENT UK Plc Acquires Shares of 57,699 D.R. Horton, Inc. (NYSE:DHI)

AEGON ASSET MANAGEMENT UK Plc bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 57,699 shares of the construction company's stock, valued at approximately $11,003,000.

A number of other large investors also recently modified their holdings of DHI. Fiera Capital Corp bought a new position in D.R. Horton during the 3rd quarter valued at $248,000. Montecito Bank & Trust bought a new position in shares of D.R. Horton in the third quarter valued at approximately $735,000. Principal Financial Group Inc. grew its holdings in shares of D.R. Horton by 7.3% in the third quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company's stock valued at $339,174,000 after acquiring an additional 120,892 shares in the last quarter. Graypoint LLC grew its holdings in shares of D.R. Horton by 11.6% in the third quarter. Graypoint LLC now owns 3,843 shares of the construction company's stock valued at $733,000 after acquiring an additional 400 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of D.R. Horton by 9.6% in the third quarter. Concurrent Investment Advisors LLC now owns 9,903 shares of the construction company's stock valued at $1,889,000 after acquiring an additional 868 shares in the last quarter. Institutional investors own 90.63% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada reduced their price objective on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a report on Tuesday, July 23rd. Finally, Citigroup reduced their price objective on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $185.87.

D.R. Horton Price Performance

Shares of DHI stock traded up $0.68 on Friday, reaching $168.79. The company's stock had a trading volume of 2,652,161 shares, compared to its average volume of 3,101,310. 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, Inc. has a 12-month low of $120.10 and a 12-month high of $199.85. The company has a market capitalization of $55.00 billion, a P/E ratio of 11.75, a PEG ratio of 0.56 and a beta of 1.74. The stock's 50 day simple moving average is $184.62 and its 200-day simple moving average is $166.30.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter last year, the business posted $4.45 EPS. The company's quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton, Inc. will post 15.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors 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 dividend on an annualized basis and a yield of 0.95%. D.R. Horton's payout ratio is presently 8.36%.

D.R. Horton announced that its Board of Directors has initiated a stock buyback program on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

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.