Waverton Investment Management Ltd Purchases 19,565 Shares of D.R. Horton, Inc. (NYSE:DHI)

Waverton Investment Management Ltd grew its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.8% during the 3rd quarter, Holdings Channel reports. 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’s holdings in D.R. Horton were worth $38,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after buying an additional 2,474,262 shares during the period. Greenhaven Associates Inc. grew its holdings in shares of D.R. Horton by 2.3% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after purchasing an additional 81,900 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after purchasing an additional 9,137 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after purchasing an additional 120,892 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of D.R. Horton by 6.0% during the 3rd quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock worth $211,507,000 after purchasing an additional 62,971 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI stock opened at $167.51 on Tuesday. The business’s 50-day moving average price is $184.62 and its 200-day moving average price is $166.44. D.R. Horton, Inc. has a 12 month low of $121.16 and a 12 month high of $199.85. The firm has a market capitalization of $54.58 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.57 and a beta of 1.74. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) 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 company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the business earned $4.45 earnings per share. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton, Inc. will post 15.01 EPS for the current year.

D.R. Horton declared that its Board of Directors has initiated a share buyback program on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

D.R. Horton Increases Dividend

The business 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 represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. UBS Group reduced their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Barclays reduced their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. 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. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target 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.