Mawer Investment Management Ltd. Purchases 11,701 Shares of D.R. Horton, Inc. (NYSE:DHI)

Mawer Investment Management Ltd. raised its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 15.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 88,550 shares of the construction company's stock after buying an additional 11,701 shares during the period. Mawer Investment Management Ltd.'s holdings in D.R. Horton were worth $12,381,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Insigneo Advisory Services LLC lifted its position in D.R. Horton by 1.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock valued at $695,000 after purchasing an additional 67 shares during the period. Allworth Financial LP grew its holdings in shares of D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after buying an additional 82 shares during the period. Secure Asset Management LLC lifted its holdings in D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after acquiring an additional 84 shares in the last quarter. Horizon Investments LLC grew its stake in D.R. Horton by 1.7% in the fourth quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock valued at $767,000 after acquiring an additional 91 shares during the period. Finally, Bfsg LLC raised its position in shares of D.R. Horton by 24.4% during the fourth quarter. Bfsg LLC now owns 484 shares of the construction company's stock worth $68,000 after purchasing an additional 95 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

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D.R. Horton Trading Up 0.1 %

Shares of D.R. Horton stock traded up $0.13 on Tuesday, reaching $127.26. 2,112,403 shares of the company's stock were exchanged, compared to its average volume of 2,809,303. The firm's 50-day moving average is $132.49 and its two-hundred day moving average is $154.36. The company has a market capitalization of $40.10 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton, Inc. has a 52 week low of $124.23 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm's revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 EPS. Sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DHI shares. Seaport Res Ptn upgraded shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Wedbush reiterated a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, JMP Securities reissued a "market outperform" rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $170.93.

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.