Mawer Investment Management Ltd. Invests $14.66 Million in D.R. Horton, Inc. (NYSE:DHI)

Mawer Investment Management Ltd. bought a new position in D.R. Horton, Inc. (NYSE:DHI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 76,849 shares of the construction company's stock, valued at approximately $14,660,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCI Wealth Advisors Inc. raised its position in shares of D.R. Horton by 4.1% during the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after acquiring an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock worth $872,000 after buying an additional 59 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock valued at $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. grew its holdings in D.R. Horton by 1.7% during the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock worth $520,000 after acquiring an additional 63 shares during the period. Finally, Values First Advisors Inc. lifted its stake in shares of D.R. Horton by 0.7% in the 2nd quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock valued at $1,251,000 after purchasing an additional 66 shares during the period. Institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Performance

Shares of DHI traded down $0.16 during mid-day trading on Monday, hitting $161.45. 1,899,062 shares of the company's stock were exchanged, compared to its average volume of 2,515,182. 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 52 week low of $125.28 and a 52 week high of $199.85. The stock's 50-day simple moving average is $182.40 and its 200-day simple moving average is $167.12. The firm has a market cap of $52.61 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts' consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.45 EPS. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.54 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. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. This is an increase 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 is Tuesday, November 12th. D.R. Horton's payout ratio is currently 11.14%.

Analyst Ratings Changes

A number of research firms recently commented on DHI. Citigroup dropped 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. Keefe, Bruyette & Woods raised their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 23rd. Wedbush raised D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective for the company in a report on Tuesday, October 15th. Wells Fargo & Company dropped their target price on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group cut their target price on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. One investment 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 stock presently has an average rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Company 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.