Private Advisor Group LLC Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

Private Advisor Group LLC lifted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,060 shares of the construction company’s stock after acquiring an additional 409 shares during the quarter. Private Advisor Group LLC’s holdings in D.R. Horton were worth $4,781,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. FSC Wealth Advisors LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth about $77,000. Waldron Private Wealth LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter worth about $209,000. Signaturefd LLC boosted its stake in shares of D.R. Horton by 9.8% during the 3rd quarter. Signaturefd LLC now owns 10,462 shares of the construction company’s stock worth $1,996,000 after acquiring an additional 933 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of D.R. Horton by 15.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 78,530 shares of the construction company’s stock worth $14,981,000 after acquiring an additional 10,710 shares in the last quarter. Finally, Suncoast Equity Management acquired a new position in shares of D.R. Horton during the 3rd quarter worth about $390,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

NYSE:DHI opened at $179.24 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The stock has a market capitalization of $59.03 billion, a P/E ratio of 12.20, a PEG ratio of 0.78 and a beta of 1.72. The company has a 50 day moving average price of $187.89 and a 200 day moving average price of $164.64. D.R. Horton, Inc. has a fifty-two week low of $100.81 and a fifty-two week high of $199.85.

D.R. Horton declared that its Board of Directors has approved a stock buyback plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America upped their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Royal Bank of Canada upped their price target on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Barclays upped their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Evercore ISI increased their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.67.

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.