Raymond James Trust N.A. decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,120 shares of the construction company’s stock after selling 32 shares during the period. Raymond James Trust N.A.’s holdings in D.R. Horton were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shufro Rose & Co. LLC increased its holdings in shares of D.R. Horton by 0.3% during the first quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock worth $379,000 after buying an additional 33 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of D.R. Horton by 0.3% during the second quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock worth $503,000 after buying an additional 37 shares in the last quarter. BKD Wealth Advisors LLC increased its holdings in shares of D.R. Horton by 0.3% during the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock worth $394,000 after buying an additional 39 shares in the last quarter. Cleararc Capital Inc. increased its holdings in shares of D.R. Horton by 0.7% during the first quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock worth $276,000 after buying an additional 59 shares in the last quarter. Finally, Buckingham Capital Management Inc. increased its holdings in shares of D.R. Horton by 0.5% during the first quarter. Buckingham Capital Management Inc. now owns 23,500 shares of the construction company’s stock worth $783,000 after buying an additional 115 shares in the last quarter. 82.31% of the stock is owned by institutional investors.

In related news, Director Barbara K. Allen sold 1,666 shares of the stock in a transaction 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 directly owns 7,316 shares of the company’s stock, valued at $263,595.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael W. Hewatt sold 4,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $36.11, for a total transaction of $144,440.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at $288,880. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,666 shares of company stock worth $912,606. 7.20% of the stock is owned by insiders.

Shares of D.R. Horton, Inc. (NYSE DHI) opened at 37.17 on Monday. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 13.93 and a beta of 1.24. D.R. Horton, Inc. has a one year low of $26.69 and a one year high of $37.78. The company’s 50 day moving average is $36.19 and its 200-day moving average is $34.41.

D.R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates 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 was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. Equities analysts expect that D.R. Horton, Inc. will post $2.78 EPS for the current year.

D.R. Horton declared that its board has authorized a stock buyback program on Wednesday, July 26th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.08%. The ex-dividend date was Monday, August 7th. D.R. Horton’s dividend payout ratio is presently 15.04%.

Several research firms have recently commented on DHI. Wedbush reissued an “outperform” rating on shares of D.R. Horton in a research note on Saturday. BidaskClub cut shares of D.R. Horton from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Deutsche Bank AG reissued 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. Royal Bank Of Canada increased 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 reissued 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 analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. D.R. Horton has an average rating of “Buy” and a consensus target price of $36.59.

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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.

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

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