Evermay Wealth Management LLC reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,593 shares of the construction company’s stock after selling 850 shares during the period. Evermay Wealth Management LLC’s holdings in D.R. Horton were worth $228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. Canada Pension Plan Investment Board boosted its position in D.R. Horton by 15.1% in the second quarter. Canada Pension Plan Investment Board now owns 277,802 shares of the construction company’s stock worth $9,604,000 after buying an additional 36,500 shares during the last quarter. Morse Asset Management Inc boosted its position in D.R. Horton by 7.7% in the second quarter. Morse Asset Management Inc now owns 129,520 shares of the construction company’s stock worth $4,478,000 after buying an additional 9,300 shares during the last quarter. Global X Management Co. LLC boosted its position in D.R. Horton by 15.6% in the second quarter. Global X Management Co. LLC now owns 8,151 shares of the construction company’s stock worth $282,000 after buying an additional 1,098 shares during the last quarter. HL Financial Services LLC boosted its position in D.R. Horton by 2.4% in the second quarter. HL Financial Services LLC now owns 12,257 shares of the construction company’s stock worth $424,000 after buying an additional 285 shares during the last quarter. Finally, Seven Bridges Advisors LLC bought a new position in D.R. Horton during the second quarter worth $150,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Shares of D.R. Horton, Inc. (DHI) opened at 36.37 on Thursday. The company’s 50-day moving average is $35.70 and its 200-day moving average is $33.37. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 13.63 and a beta of 1.25. D.R. Horton, Inc. has a 12-month low of $26.69 and a 12-month high of $37.44.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share 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 business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post $2.78 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, August 7th. D.R. Horton’s dividend payout ratio is currently 15.04%.

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A number of analysts recently commented on the stock. BidaskClub cut shares of D.R. Horton from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Deutsche Bank AG restated a “hold” rating and set a $36.00 price target (up from $34.00) on shares of D.R. Horton in a research note on Thursday, July 27th. Wedbush upped their price target on shares of D.R. Horton from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. Royal Bank Of Canada upped their price target on shares of D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $41.00 price target (up from $39.00) on shares of D.R. Horton in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. D.R. Horton has a consensus rating of “Buy” and an average price target of $36.59.

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

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.

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

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