Resonant Capital Advisors LLC Makes New $206,000 Investment in D.R. Horton, Inc. (NYSE:DHI)

Resonant Capital Advisors LLC purchased a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) 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.

D.R. Horton declared that its board has approved a stock repurchase program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.

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.