Resonant Capital Advisors LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,079 shares of the construction company’s stock, valued at approximately $206,000.
Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Vanguard Group Inc. boosted its holdings in shares of D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after acquiring an additional 2,474,262 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after buying an additional 987,834 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after buying an additional 561,337 shares during the period. Long Pond Capital LP grew its holdings in shares of D.R. Horton by 438.6% in the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock worth $108,564,000 after acquiring an additional 537,276 shares during the period. Finally, National Bank of Canada FI increased its position in D.R. Horton by 265.6% during the first quarter. National Bank of Canada FI now owns 488,376 shares of the construction company’s stock valued at $73,239,000 after acquiring an additional 354,789 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.
D.R. Horton Stock Down 4.3 %
Shares of DHI opened at $186.23 on Tuesday. The business’s 50 day moving average is $187.49 and its 200 day moving average is $164.09. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $199.85. The company has a market capitalization of $61.33 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.
Wall Street Analyst Weigh In
DHI has been the topic of several research reports. Barclays raised their target price on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wells Fargo & Company boosted their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Evercore ISI raised their target price on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and an average price target of $185.67.
Read Our Latest Report on D.R. Horton
D.R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.
Further Reading
- Five stocks we like better than D.R. Horton
- Canadian Penny Stocks: Can They Make You Rich?
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- P/E Ratio Calculation: How to Assess Stocks
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- Stock Analyst Ratings and Canadian Analyst Ratings
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R. Horton, Inc. (NYSE:DHI – Free Report).
Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.