Aberdeen Asset Management PLC UK lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,656 shares of the construction company’s stock after selling 49,572 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.11% of D.R. Horton worth $14,784,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of D.R. Horton by 2.7% during the first quarter. Vanguard Group Inc. now owns 34,840,723 shares of the construction company’s stock valued at $1,160,545,000 after acquiring an additional 916,765 shares during the last quarter. BlackRock Inc. increased its holdings in shares of 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 valued at $1,058,305,000 after purchasing an additional 31,101,501 shares during the last quarter. Sanders Capital LLC increased its holdings in shares of D.R. Horton by 2.6% in the first quarter. Sanders Capital LLC now owns 22,094,609 shares of the construction company’s stock valued at $753,622,000 after purchasing an additional 562,557 shares during the last quarter. FMR LLC increased its holdings in shares of D.R. Horton by 1.8% in the first quarter. FMR LLC now owns 11,327,286 shares of the construction company’s stock valued at $377,312,000 after purchasing an additional 200,199 shares during the last quarter. Finally, Greenhaven Associates Inc. increased its holdings in shares of D.R. Horton by 7.0% in the second quarter. Greenhaven Associates Inc. now owns 8,172,140 shares of the construction company’s stock valued at $282,511,000 after purchasing an additional 532,534 shares during the last quarter. 82.31% of the stock is owned by institutional investors and hedge funds.

In related news, Director Barbara K. Allen sold 1,666 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $36.03, for a total transaction of $60,025.98. Following the completion of the transaction, the director now owns 7,316 shares in the company, valued at approximately $263,595.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 4,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $36.11, for a total value of $144,440.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $288,880. The disclosure for this sale can be found here. 7.20% of the stock is owned by insiders.

Shares of D.R. Horton, Inc. (NYSE DHI) opened at 36.93 on Tuesday. The firm has a 50-day moving average price of $36.07 and a 200-day moving average price of $34.26. The firm has a market capitalization of $13.82 billion, a PE ratio of 13.84 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 posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the business earned $0.66 EPS. D.R. Horton’s revenue was up 17.0% compared to the same quarter last year. On average, analysts forecast that D.R. Horton, Inc. will post $2.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, August 7th. D.R. Horton’s payout ratio is currently 15.04%.

D.R. Horton announced that its Board of Directors has authorized a share buyback plan on Wednesday, July 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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Several equities research analysts recently commented on DHI shares. BidaskClub cut D.R. Horton from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Credit Suisse Group started coverage on D.R. Horton in a report on Thursday, June 22nd. They issued an “outperform” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $38.00 price target on shares of D.R. Horton in a report on Tuesday, June 6th. Wedbush increased their price target on D.R. Horton to $36.00 and gave the company an “outperform” rating in a report on Monday, June 5th. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target 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.

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

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