D.R. Horton, Inc. (NYSE:DHI) Shares Acquired by Waverton Investment Management Ltd

Waverton Investment Management Ltd lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 10.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 199,999 shares of the construction company's stock after buying an additional 19,565 shares during the quarter. Waverton Investment Management Ltd owned approximately 0.06% of D.R. Horton worth $38,145,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DHI. TCI Wealth Advisors Inc. lifted its stake in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock worth $284,000 after purchasing an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of D.R. Horton by 1.0% in the 2nd 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. increased its holdings in shares of D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock worth $739,000 after buying an additional 60 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock worth $520,000 after buying an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. increased its holdings 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 worth $1,251,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Down 3.1 %

Shares of DHI traded down $5.19 during mid-day trading on Tuesday, hitting $161.86. The company's stock had a trading volume of 3,035,535 shares, compared to its average volume of 2,516,853. D.R. Horton, Inc. has a 52-week low of $121.16 and a 52-week high of $199.85. The company's 50-day moving average is $184.20 and its 200-day moving average is $166.61. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $52.74 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its 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). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the company earned $4.45 EPS. The company's revenue was down 4.7% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton, Inc. will post 15.01 EPS for the current fiscal year.

D.R. Horton announced that its board has approved a share buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

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 dividend of $0.40 per share. This is a boost 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 0.99%. D.R. Horton's dividend payout ratio is presently 11.14%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DHI. Royal Bank of Canada cut their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a report on Wednesday, October 30th. JMP Securities upped their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a "market outperform" rating in a report on Friday, July 19th. Bank of America upped their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. Finally, BTIG Research cut their price target on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. One research 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. According to MarketBeat.com, the company currently has an average 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.