Great West Life Assurance Co. Can raised its position in D.R. Horton, Inc. (NYSE:DHI) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,042 shares of the construction company’s stock after buying an additional 7,435 shares during the period. Great West Life Assurance Co. Can’s holdings in D.R. Horton were worth $8,427,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of D.R. Horton by 2.7% in the first quarter. Vanguard Group Inc. now owns 34,840,723 shares of the construction company’s stock worth $1,160,545,000 after buying an additional 916,765 shares in the last quarter. BlackRock Inc. raised its stake 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 worth $1,058,305,000 after buying an additional 31,101,501 shares in the last quarter. Sanders Capital LLC raised its stake 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 worth $753,622,000 after buying an additional 562,557 shares in the last quarter. FMR LLC raised its stake 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 worth $377,312,000 after buying an additional 200,199 shares in the last quarter. Finally, Greenhaven Associates Inc. raised its stake in shares of D.R. Horton by 3.2% in the first quarter. Greenhaven Associates Inc. now owns 7,639,606 shares of the construction company’s stock worth $254,475,000 after buying an additional 239,814 shares in the last quarter. 82.41% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton, Inc. (NYSE:DHI) opened at 36.09 on Friday. The firm has a 50 day moving average of $35.83 and a 200 day moving average of $33.44. The firm has a market capitalization of $13.51 billion, a P/E ratio of 13.52 and a beta of 1.25. D.R. Horton, Inc. has a 12-month low of $26.69 and a 12-month high of $37.44.

D.R. Horton (NYSE:DHI) last released its earnings results on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. On average, analysts forecast that D.R. Horton, Inc. will post $2.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, August 7th. D.R. Horton’s payout ratio is 15.04%.

D.R. Horton announced that its board has approved a share 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 purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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A number of analysts have recently commented on DHI shares. Wells Fargo & Company reissued 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. Credit Suisse Group started coverage on shares of D.R. Horton in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $38.00 price objective on the stock. Wedbush boosted their price objective on shares of D.R. Horton from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, July 17th. Bank of America Corporation reissued a “buy” rating and issued a $42.00 price objective (up previously from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. One research 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 company’s stock. D.R. Horton has an average rating of “Buy” and an average target price of $36.59.

In other news, Director Barbara K. Allen sold 1,666 shares of D.R. Horton 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 sale, the director now directly owns 7,316 shares in the company, valued at approximately $263,595.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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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