Aviva PLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 213,836 shares of the construction company’s stock after buying an additional 2,390 shares during the period. Aviva PLC owned about 0.06% of D.R. Horton worth $7,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shufro Rose & Co. LLC boosted its position in shares of D.R. Horton by 0.3% in the first quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock valued at $379,000 after buying an additional 33 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of D.R. Horton by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock valued at $503,000 after buying an additional 37 shares during the last quarter. BKD Wealth Advisors LLC boosted its position in shares of D.R. Horton by 0.3% in the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock valued at $394,000 after buying an additional 39 shares during the last quarter. Conning Inc. boosted its position in shares of D.R. Horton by 0.7% in the first quarter. Conning Inc. now owns 7,482 shares of the construction company’s stock valued at $249,000 after buying an additional 50 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its position in shares of D.R. Horton by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock valued at $276,000 after buying an additional 59 shares during the last quarter. 82.30% of the stock is currently owned by institutional investors.

Shares of D.R. Horton, Inc. (DHI) opened at 35.28 on Wednesday. D.R. Horton, Inc. has a 52 week low of $26.69 and a 52 week high of $37.44. The firm has a 50 day moving average price of $36.28 and a 200 day moving average price of $33.84. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 13.22 and a beta of 1.25.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post $2.78 EPS for the current year.

D.R. Horton announced that its board has initiated a stock repurchase program on Wednesday, July 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, August 7th. D.R. Horton’s payout ratio is 15.04%.

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Several research analysts recently issued reports on the company. BidaskClub raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Royal Bank Of Canada boosted their price objective on D.R. Horton from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. Wells Fargo & Company reissued an “outperform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. Deutsche Bank AG reissued a “hold” rating and issued a $36.00 price objective (up previously from $34.00) on shares of D.R. Horton in a research report on Thursday, July 27th. Finally, Mizuho assumed coverage on D.R. Horton in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.59.

In other D.R. Horton news, Director Barbara K. Allen sold 1,666 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $36.03, for a total value of $60,025.98. Following the sale, the director now directly owns 7,316 shares of the company’s stock, valued at $263,595.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.20% of the stock is currently owned by corporate insiders.

About D.R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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