Robshaw & Julian Associates Inc. decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 19.2% during the second quarter, Holdings Channel reports. The fund owned 88,845 shares of the construction company’s stock after selling 21,100 shares during the period. D.R. Horton makes up 2.2% of Robshaw & Julian Associates Inc.’s holdings, making the stock its 26th largest position. Robshaw & Julian Associates Inc.’s holdings in D.R. Horton were worth $3,071,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in D.R. Horton by 4,643.2% in the first quarter. BlackRock Inc. now owns 31,771,328 shares of the construction company’s stock worth $1,058,305,000 after buying an additional 31,101,501 shares during the last quarter. Capital Growth Management LP increased its stake in D.R. Horton by 107.5% in the first quarter. Capital Growth Management LP now owns 3,320,000 shares of the construction company’s stock worth $110,589,000 after buying an additional 1,720,000 shares during the last quarter. Oakmont Corp increased its stake in D.R. Horton by 1,271.8% in the first quarter. Oakmont Corp now owns 1,133,269 shares of the construction company’s stock worth $37,749,000 after buying an additional 1,050,660 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in D.R. Horton by 1,823.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,090,284 shares of the construction company’s stock worth $36,357,000 after buying an additional 1,033,600 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in D.R. Horton by 1,749.9% in the first quarter. Nuveen Asset Management LLC now owns 1,022,867 shares of the construction company’s stock worth $34,072,000 after buying an additional 967,573 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

D.R. Horton, Inc. (NYSE:DHI) opened at 36.4201 on Tuesday. The stock’s 50 day moving average is $35.91 and its 200 day moving average is $33.51. The firm has a market cap of $13.63 billion, a P/E ratio of 13.6456 and a beta of 1.25. D.R. Horton, Inc. has a one year low of $26.69 and a one year high of $37.44.

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

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.09%. D.R. Horton’s payout ratio is 15.04%.

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A number of analysts have recently weighed in on DHI shares. Deutsche Bank AG reissued a “hold” rating and set a $36.00 price target (up previously from $34.00) on shares of D.R. Horton in a research report on Thursday, July 27th. Credit Suisse Group started 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 target for the company. Raymond James Financial, Inc. raised shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research report on Friday, June 30th. Wells Fargo & Company reissued an “outperform” rating and set a $41.00 price target (up previously from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. Finally, BidaskClub raised shares of D.R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently 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 stock was 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 in the company, valued at $263,595.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.20% of the company’s stock.

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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