Foundations Investment Advisors LLC Sells 985 Shares of D.R. Horton, Inc. (NYSE:DHI)

Foundations Investment Advisors LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI) by 19.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,015 shares of the construction company’s stock after selling 985 shares during the period. Foundations Investment Advisors LLC’s holdings in D.R. Horton were worth $766,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of D.R. Horton by 7.6% during the first 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 in the last quarter. Greenhaven Associates Inc. grew its position in D.R. Horton by 2.3% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after purchasing an additional 81,900 shares during the period. Earnest Partners LLC increased its stake in D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after purchasing an additional 9,137 shares in the last quarter. Principal Financial Group Inc. raised its holdings in D.R. Horton by 51.2% during the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of D.R. Horton by 1,761.6% in the second 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 in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on DHI. Wells Fargo & Company upped their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. UBS Group increased their price objective on D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada lifted 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 price target on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Evercore ISI raised their price objective on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.67.

D.R. Horton Stock Up 1.3 %

D.R. Horton stock opened at $182.69 on Friday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $60.16 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.78 and a beta of 1.72. The firm has a 50 day moving average price of $187.72 and a 200-day moving average price of $164.36. D.R. Horton, Inc. has a twelve month low of $100.29 and a twelve month high of $199.85.

D.R. Horton announced that its board has initiated a share buyback program on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About D.R. Horton

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.