D.R. Horton, Inc. (NYSE:DHI) hit a new 52-week high on Thursday . The stock traded as high as $41.99 and last traded at $42.06, with a volume of 1,379,729 shares. The stock had previously closed at $41.51.

Several brokerages recently weighed in on DHI. BidaskClub raised shares of D.R. Horton from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 target price on shares of D.R. Horton in a research note on Monday, September 25th. Wedbush reaffirmed an “outperform” rating on shares of D.R. Horton in a research note on Saturday, September 16th. Deutsche Bank AG reaffirmed a “hold” rating and set a $36.00 target price (up from $34.00) on shares of D.R. Horton in a research note on Thursday, July 27th. Finally, Raymond James Financial, Inc. raised shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $39.18.

The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 15.83 and a beta of 1.24. The stock’s 50-day moving average is $38.55 and its 200 day moving average is $35.50.

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 analysts’ consensus estimates of $0.75 by $0.01. The company 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%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities analysts expect that D.R. Horton, Inc. will post $2.74 earnings per share for the current year.

D.R. Horton announced that its board has authorized a share repurchase program 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. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, Director Michael W. Hewatt sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $36.11, for a total transaction of $144,440.00. Following the completion of the sale, the director now owns 8,000 shares of the company’s stock, valued at $288,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley S. Anderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the sale, the director now directly owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The disclosure for this sale can be found here. Insiders have sold 24,666 shares of company stock valued at $912,606 in the last three months. Corporate insiders own 7.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DHI. Mckinley Capital Management LLC Delaware acquired a new stake in shares of D.R. Horton during the second quarter worth approximately $100,000. Tower Research Capital LLC TRC boosted its holdings in D.R. Horton by 179.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after purchasing an additional 2,306 shares during the period. Evercore Wealth Management LLC boosted its holdings in 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 period. Benjamin F. Edwards & Company Inc. boosted its holdings in 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 period. Finally, Advisory Services Network LLC boosted its holdings in D.R. Horton by 131.9% in the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,250 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

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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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