Daiwa Securities Group Inc. increased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 41.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,573 shares of the construction company’s stock after buying an additional 4,257 shares during the period. Daiwa Securities Group Inc.’s holdings in D.R. Horton were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of D.R. Horton during the 2nd quarter valued at approximately $100,000. Tower Research Capital LLC TRC lifted its position in shares of D.R. Horton by 179.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after buying an additional 2,306 shares in the last quarter. Evercore Wealth Management LLC lifted its position in shares of D.R. Horton by 5.7% during the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after buying an additional 200 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of D.R. Horton by 6.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock valued at $129,000 after buying an additional 241 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of D.R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after buying an additional 2,250 shares in the last quarter. Hedge funds and other institutional investors own 81.12% of the company’s stock.

D.R. Horton, Inc. (NYSE:DHI) opened at $47.09 on Tuesday. D.R. Horton, Inc. has a twelve month low of $27.15 and a twelve month high of $47.29. The company has a market capitalization of $17,249.36, a PE ratio of 16.85, a P/E/G ratio of 1.33 and a beta of 1.28. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. equities analysts anticipate that D.R. Horton, Inc. will post 3.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.06%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, November 30th. D.R. Horton’s dividend payout ratio (DPR) is 14.65%.

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

In other news, Director Michael W. Hewatt sold 4,000 shares of D.R. Horton stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total value of $144,440.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at approximately $288,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley S. Anderson sold 10,000 shares of D.R. Horton stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total value of $374,600.00. Following the completion of the transaction, the director now owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $852,580 over the last 90 days. 7.20% of the stock is currently owned by company insiders.

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Several research analysts recently commented on DHI shares. BidaskClub raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Zelman & Associates downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank AG reissued a “hold” rating and issued a $36.00 price objective (up from $34.00) on shares of D.R. Horton in a research note on Thursday, July 27th. Citigroup Inc. increased their price objective on D.R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday. Finally, UBS AG increased their price objective on D.R. Horton from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $43.61.

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.

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

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