170,000 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Caxton Associates LP

Caxton Associates LP purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 170,000 shares of the construction company’s stock, valued at approximately $5,877,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Analysts LLC increased its position in D.R. Horton by 4.4% during the second quarter. Capital Analysts LLC now owns 90,829 shares of the construction company’s stock worth $3,140,000 after buying an additional 3,841 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in D.R. Horton by 2.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 42,940 shares of the construction company’s stock worth $1,430,000 after buying an additional 950 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its position in D.R. Horton by 17.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 34,200 shares of the construction company’s stock worth $1,182,000 after buying an additional 5,200 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in D.R. Horton by 38.6% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,596 shares of the construction company’s stock worth $286,000 after buying an additional 2,396 shares in the last quarter. Finally, Swiss National Bank increased its position in D.R. Horton by 3.0% during the second quarter. Swiss National Bank now owns 1,292,574 shares of the construction company’s stock worth $44,684,000 after buying an additional 37,300 shares in the last quarter. 82.29% of the stock is owned by institutional investors.

Shares of D.R. Horton, Inc. (NYSE:DHI) traded up 0.19% on Tuesday, hitting $41.45. The company’s stock had a trading volume of 2,164,161 shares. The stock has a market capitalization of $15.51 billion, a P/E ratio of 15.53 and a beta of 1.23. The stock’s 50 day moving average price is $38.11 and its 200 day moving average price is $35.34. D.R. Horton, Inc. has a 52 week low of $26.69 and a 52 week high of $41.64.

D.R. Horton (NYSE:DHI) last issued 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 net margin of 7.38% and a return on equity of 14.19%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts forecast that D.R. Horton, Inc. will post $2.74 earnings per share for the current fiscal year.

D.R. Horton announced that its board has approved a share buyback plan on Wednesday, July 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael R. Buchanan sold 9,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the completion of the sale, the director now directly owns 24,880 shares in the company, valued at $922,052.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,666 shares of company stock worth $912,606. Insiders own 7.20% of the company’s stock.

Several research firms have weighed in on DHI. BidaskClub raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Deutsche Bank AG reissued a “hold” rating and set a $36.00 price target (up previously from $34.00) on shares of D.R. Horton in a research report on Thursday, July 27th. Wells Fargo & Company reaffirmed 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. Raymond James Financial, Inc. raised 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. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $42.00 price objective (up previously from $34.00) on shares of D.R. Horton in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $39.18.

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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.

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

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