Delphi Management Inc. MA Has $2.63 Million Position in D.R. Horton, Inc. (DHI)

Delphi Management Inc. MA decreased its position in D.R. Horton, Inc. (NYSE:DHI) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,178 shares of the construction company’s stock after selling 9,179 shares during the quarter. D.R. Horton comprises about 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 11th largest position. Delphi Management Inc. MA’s holdings in D.R. Horton were worth $2,633,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its stake in shares of D.R. Horton by 7.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 894,142 shares of the construction company’s stock valued at $29,784,000 after acquiring an additional 61,364 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of D.R. Horton by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 6,082 shares of the construction company’s stock valued at $203,000 after acquiring an additional 198 shares during the last quarter. KBC Group NV increased its stake in shares of D.R. Horton by 4.4% during the 1st quarter. KBC Group NV now owns 30,773 shares of the construction company’s stock valued at $1,025,000 after acquiring an additional 1,310 shares during the last quarter. Stifel Financial Corp increased its stake in shares of D.R. Horton by 16.4% during the 1st quarter. Stifel Financial Corp now owns 53,435 shares of the construction company’s stock valued at $1,785,000 after acquiring an additional 7,540 shares during the last quarter. Finally, AXA increased its stake in shares of D.R. Horton by 150.0% during the 1st quarter. AXA now owns 24,000 shares of the construction company’s stock valued at $799,000 after acquiring an additional 14,400 shares during the last quarter. 82.29% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on DHI. Citigroup Inc. reaffirmed a “neutral” rating and set a $42.00 price objective (up previously from $34.00) on shares of D.R. Horton in a research note on Monday. Bank of America Corporation upped their price objective on shares of D.R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 6th. KeyCorp reaffirmed a “buy” rating and set a $41.00 price objective on shares of D.R. Horton in a research note on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price objective on shares of D.R. Horton in a research note on Monday, September 25th. Finally, Wedbush reaffirmed an “outperform” rating on shares of D.R. Horton in a research note on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. D.R. Horton presently has an average rating of “Buy” and a consensus target price of $38.81.

D.R. Horton, Inc. (NYSE:DHI) traded up 0.627% during mid-day trading on Wednesday, reaching $41.539. 733,229 shares of the company were exchanged. The stock’s 50-day moving average is $37.53 and its 200-day moving average is $35.16. The company has a market cap of $15.55 billion, a P/E ratio of 15.558 and a beta of 1.24. D.R. Horton, Inc. has a 12 month low of $26.69 and a 12 month high of $41.56.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, topping 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 the consensus estimate of $3.71 billion. During the same period last year, the business earned $0.66 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts expect that D.R. Horton, Inc. will post $2.75 earnings per share for the current year.

D.R. Horton announced that its board has authorized a share buyback program on Wednesday, July 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Bradley S. Anderson sold 10,000 shares of the firm’s 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 sale, the director now directly owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Hewatt sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total value of $144,440.00. Following the sale, the director now directly owns 8,000 shares of the company’s stock, valued at $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 over the last ninety days. Company insiders own 7.20% of the company’s stock.

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D.R. Horton 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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