British Airways Pensions Investment Management Ltd raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 30.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 995,548 shares of the construction company’s stock after buying an additional 231,000 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in D.R. Horton were worth $34,396,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Shufro Rose & Co. LLC increased its position in shares of D.R. Horton by 0.3% in the first quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock valued at $379,000 after buying an additional 33 shares during the last quarter. BKD Wealth Advisors LLC increased its position in shares of D.R. Horton by 0.3% in the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock valued at $394,000 after buying an additional 39 shares during the last quarter. Conning Inc. increased its position in shares of D.R. Horton by 0.7% in the first quarter. Conning Inc. now owns 7,482 shares of the construction company’s stock valued at $249,000 after buying an additional 50 shares during the last quarter. Cleararc Capital Inc. increased its position in shares of D.R. Horton by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock valued at $276,000 after buying an additional 59 shares during the last quarter. Finally, Charter Trust Co. increased its position in shares of D.R. Horton by 0.7% in the first quarter. Charter Trust Co. now owns 11,148 shares of the construction company’s stock valued at $371,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Shares of D.R. Horton, Inc. (DHI) opened at 36.59 on Monday. D.R. Horton, Inc. has a 52-week low of $26.69 and a 52-week high of $37.44. The stock’s 50 day moving average price is $35.28 and its 200-day moving average price is $33.09. The company has a market cap of $13.70 billion, a P/E ratio of 13.71 and a beta of 1.25.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 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 period in the prior year, the company earned $0.66 EPS. D.R. Horton’s revenue was up 17.0% compared to the same quarter last year. Equities analysts expect that D.R. Horton, Inc. will post $2.78 EPS for the current year.

D.R. Horton declared that its Board of Directors has approved a share buyback plan on Wednesday, July 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Monday, August 7th. D.R. Horton’s payout ratio is 15.04%.

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Several equities analysts have issued reports on the company. Deutsche Bank AG reiterated a “hold” rating and issued a $36.00 price objective (up previously from $34.00) on shares of D.R. Horton in a research report on Thursday, July 27th. Mizuho assumed coverage on D.R. Horton in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 price objective for the company. Royal Bank Of Canada lifted their price objective on D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Wells Fargo & Company reiterated an “outperform” rating and issued 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, Raymond James Financial, Inc. upgraded D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. D.R. Horton presently has an average rating of “Buy” and a consensus price target of $36.59.

In other news, Director Barbara K. Allen sold 1,666 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $36.03, for a total value of $60,025.98. Following the completion of the transaction, the director now directly owns 7,316 shares in the company, valued at approximately $263,595.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.20% of the stock is currently owned by corporate insiders.

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.

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

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