Aviance Capital Management LLC decreased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 75.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,124 shares of the construction company’s stock after selling 31,381 shares during the period. Aviance Capital Management LLC’s holdings in D.R. Horton were worth $350,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of D.R. Horton by 0.7% in the second quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock valued at $1,213,190,000 after buying an additional 253,036 shares during the last quarter. BlackRock Inc. boosted its stake in shares of D.R. Horton by 4,643.2% during the 1st quarter. BlackRock Inc. now owns 31,771,328 shares of the construction company’s stock worth $1,058,305,000 after acquiring an additional 31,101,501 shares during the period. Sanders Capital LLC boosted its stake in shares of D.R. Horton by 2.6% during the 1st quarter. Sanders Capital LLC now owns 22,094,609 shares of the construction company’s stock worth $753,622,000 after acquiring an additional 562,557 shares during the period. FMR LLC boosted its stake in shares of D.R. Horton by 3.9% during the 2nd quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after acquiring an additional 446,612 shares during the period. Finally, Greenhaven Associates Inc. increased its holdings in shares of D.R. Horton by 7.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 8,172,140 shares of the construction company’s stock worth $282,511,000 after acquiring an additional 532,534 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

In related news, Director Michael R. Buchanan sold 9,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $37.06, for a total transaction of $333,540.00. Following the sale, the director now directly owns 24,880 shares in the company, valued at approximately $922,052.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 1,666 shares of the business’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 owns 7,316 shares in the company, valued at $263,595.48. The disclosure for this sale can be found here. Insiders have sold a total of 24,666 shares of company stock worth $912,606 over the last 90 days. 7.20% of the stock is currently owned by corporate insiders.

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A number of equities research analysts recently weighed in on the company. Wedbush increased their price target on D.R. Horton to $36.00 and gave the company an “outperform” rating in a research note on Monday, June 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 price target on shares of D.R. Horton in a report on Tuesday, June 6th. Credit Suisse Group began coverage on shares of D.R. Horton in a research report on Thursday, June 22nd. They set an “outperform” rating and a $38.00 price objective for the company. Bank of America Corporation reaffirmed a “buy” rating and set a $42.00 price objective (up from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. upgraded shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price objective on the stock in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $36.85.

D.R. Horton, Inc. (DHI) traded down 0.10% during midday trading on Tuesday, hitting $39.94. 2,398,880 shares of the stock were exchanged. The firm has a market capitalization of $14.95 billion, a P/E ratio of 14.96 and a beta of 1.23. D.R. Horton, Inc. has a 1-year low of $26.69 and a 1-year high of $40.49. The firm’s 50-day moving average price is $36.75 and its 200 day moving average price is $34.83.

D.R. Horton (NYSE:DHI) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, topping 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 firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company earned $0.66 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post $2.75 earnings per share for the current fiscal year.

D.R. Horton declared that its board has authorized a share buyback plan on Wednesday, July 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

D.R. Horton Company Profile

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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