Mawer Investment Management Ltd. Grows Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Mawer Investment Management Ltd. increased its holdings in D.R. Horton by 11.1%, bringing its total ownership to 98,399 shares worth approximately $12.5 million.
• Several analysts have downgraded D.R. Horton's stock, with Bank of America reducing its target price from $150 to $125, indicating a neutral outlook.
• D.R. Horton announced a quarterly dividend of $0.40 per share, representing an annualized dividend yield of 1.09%, with the ex-dividend date set for August 7th.

Mawer Investment Management Ltd. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 98,399 shares of the construction company's stock after purchasing an additional 9,849 shares during the period. Mawer Investment Management Ltd.'s holdings in D.R. Horton were worth $12,509,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Olde Wealth Management LLC purchased a new stake in shares of D.R. Horton in the 1st quarter worth about $26,000. Nemes Rush Group LLC increased its stake in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in D.R. Horton during the 4th quarter valued at about $43,000. Oarsman Capital Inc. grew its stake in shares of D.R. Horton by 146.7% in the fourth quarter. Oarsman Capital Inc. now owns 333 shares of the construction company's stock worth $46,000 after acquiring an additional 198 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of D.R. Horton in the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Bank of America lowered their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. The Goldman Sachs Group lowered their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, JMP Securities lowered their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $153.23.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the completion of the sale, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

D.R. Horton Trading Up 4.9%

DHI stock traded up $7.00 during mid-day trading on Friday, reaching $149.84. 5,110,501 shares of the stock traded hands, compared to its average volume of 3,802,392. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The stock has a market capitalization of $44.67 billion, a PE ratio of 12.02, a PEG ratio of 3.05 and a beta of 1.38. The business has a 50-day moving average price of $129.88 and a two-hundred day moving average price of $129.40.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 earnings per share. Equities research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. D.R. Horton's dividend payout ratio is 12.83%.

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.