Allspring Global Investments Holdings LLC Has $27.49 Million Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Allspring Global Investments Holdings LLC lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,123 shares of the construction company’s stock after selling 132,537 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in D.R. Horton were worth $27,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DHI. Bfsg LLC grew its position in shares of D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the last quarter. RiverPark Advisors LLC bought a new position in D.R. Horton during the 1st quarter worth $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the first quarter worth $30,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton in the second quarter valued at about $31,000. Finally, Wolff Wiese Magana LLC grew its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DHI shares. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their target price on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th. Barclays increased their target price on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $185.67.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $180.29 on Thursday. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The company has a market cap of $59.37 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.78 and a beta of 1.72. The firm has a 50 day simple moving average of $187.72 and a 200 day simple moving average of $164.36.

D.R. Horton announced that its board has authorized a stock buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

D.R. Horton 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.