22,331 Shares in D.R. Horton, Inc. (NYSE:DHI) Bought by Impax Asset Management Group plc

Impax Asset Management Group plc acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,331 shares of the construction company's stock, valued at approximately $4,260,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of D.R. Horton by 7.6% during the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock valued at $5,735,620,000 after acquiring an additional 2,474,262 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of D.R. Horton by 1,761.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company's stock worth $147,118,000 after purchasing an additional 987,834 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of D.R. Horton by 51.2% in the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock worth $233,525,000 after purchasing an additional 561,337 shares during the last quarter. Long Pond Capital LP lifted its holdings in shares of D.R. Horton by 438.6% during the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company's stock valued at $108,564,000 after purchasing an additional 537,276 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of D.R. Horton by 265.6% during the first quarter. National Bank of Canada FI now owns 488,376 shares of the construction company's stock valued at $73,239,000 after buying an additional 354,789 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $2.13 during trading on Friday, hitting $161.61. 2,507,253 shares of the company's stock were exchanged, compared to its average volume of 2,517,690. The business's 50-day simple moving average is $182.40 and its 200 day simple moving average is $166.77. 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, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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 net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same period last year, the business earned $4.45 earnings per share. The company's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that D.R. Horton, Inc. will post 14.92 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This is a positive change 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 dividend yield of 0.99%. D.R. Horton's dividend payout ratio (DPR) is presently 11.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DHI shares. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Wedbush upgraded shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on D.R. Horton from $180.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods increased their target price 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, Wells Fargo & Company cut their price target on D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $185.87.

D.R. Horton 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.