First Allied Advisory Services Inc. lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,141 shares of the construction company’s stock after purchasing an additional 42 shares during the quarter. First Allied Advisory Services Inc.’s holdings in D.R. Horton were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of DHI. Mckinley Capital Management LLC Delaware purchased a new position in shares of D.R. Horton in the second quarter worth $100,000. Evercore Wealth Management LLC raised its stake in shares of D.R. Horton by 5.7% in the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock worth $128,000 after purchasing an additional 200 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of D.R. Horton by 6.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock worth $129,000 after purchasing an additional 241 shares during the last quarter. Seven Bridges Advisors LLC purchased a new position in shares of D.R. Horton in the second quarter worth $150,000. Finally, Paradigm Asset Management Co. LLC raised its stake in shares of D.R. Horton by 4.5% in the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the construction company’s stock worth $159,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Shares of D.R. Horton, Inc. (NYSE DHI) opened at 41.08 on Friday. The stock has a market cap of $15.38 billion, a PE ratio of 15.39 and a beta of 1.24. The firm has a 50-day moving average price of $37.22 and a 200-day moving average price of $35.01. D.R. Horton, Inc. has a 12 month low of $26.69 and a 12 month high of $41.30.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate 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%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. Equities analysts forecast that D.R. Horton, Inc. will post $2.75 EPS for the current year.

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

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DHI has been the subject of several recent analyst reports. Deutsche Bank AG restated a “hold” rating and issued a $36.00 price target (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 D.R. Horton in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $38.00 price target for the company. Raymond James Financial, Inc. upgraded 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 note on Friday, June 30th. Wells Fargo & Company reiterated an “outperform” rating and set a $41.00 price objective (up previously from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. Finally, Wedbush reiterated an “outperform” rating on shares of D.R. Horton in a research report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.62.

In other D.R. Horton news, Director Bradley S. Anderson sold 10,000 shares of D.R. Horton stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the completion of the transaction, the director now owns 36,828 shares in the company, valued at approximately $1,379,576.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael W. Hewatt sold 4,000 shares of D.R. Horton stock in a transaction dated 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. Insiders have sold a total of 24,666 shares of company stock valued at $912,606 in the last quarter. Company 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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