CIBC World Markets Inc. increased its holdings in D.R. Horton, Inc. (NYSE:DHI) by 30.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 846,266 shares of the construction company’s stock after purchasing an additional 196,820 shares during the quarter. CIBC World Markets Inc. owned approximately 0.23% of D.R. Horton worth $29,255,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DHI. Acadian Asset Management LLC grew its stake in shares of D.R. Horton by 16,783.6% in the first quarter. Acadian Asset Management LLC now owns 11,312 shares of the construction company’s stock worth $377,000 after purchasing an additional 11,245 shares during the last quarter. Strs Ohio grew its stake in shares of D.R. Horton by 8.4% in the first quarter. Strs Ohio now owns 29,503 shares of the construction company’s stock worth $982,000 after purchasing an additional 2,287 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of D.R. Horton by 17.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 30,094 shares of the construction company’s stock worth $1,002,000 after purchasing an additional 4,378 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of D.R. Horton by 3.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 56,674 shares of the construction company’s stock worth $1,888,000 after purchasing an additional 2,013 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of D.R. Horton by 1.8% in the first quarter. Great West Life Assurance Co. Can now owns 236,607 shares of the construction company’s stock worth $7,873,000 after purchasing an additional 4,088 shares during the last quarter. 82.31% of the stock is currently owned by institutional investors.

D.R. Horton, Inc. (NYSE DHI) traded down 0.22% during midday trading on Thursday, hitting $36.02. 591,888 shares of the company were exchanged. The stock has a 50 day moving average of $36.10 and a 200 day moving average of $34.17. The firm has a market capitalization of $13.48 billion, a PE ratio of 13.50 and a beta of 1.24. D.R. Horton, Inc. has a 1-year low of $26.69 and a 1-year high of $37.44.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 15.04%.

D.R. Horton announced that its board has approved a share repurchase program on Wednesday, July 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/07/cibc-world-markets-inc-has-29-26-million-position-in-d-r-horton-inc-dhi.html.

In related 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 value of $60,025.98. Following the completion of the sale, the director now directly owns 7,316 shares in the company, valued at approximately $263,595.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by company insiders.

DHI has been the topic of several analyst reports. 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 note on Thursday, July 27th. Credit Suisse Group initiated coverage on shares of D.R. Horton in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $38.00 price objective on the stock. 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 objective on the stock in a research note on Friday, June 30th. Wells Fargo & Company reaffirmed 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 research report on Thursday, July 6th. One equities 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 issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $36.59.

D.R. Horton 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.

Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI).

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

Receive News & Stock Ratings for D.R. Horton Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton Inc. and related stocks with our FREE daily email newsletter.