Wealth Enhancement Advisory Services LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 547,912 shares of the construction company’s stock after selling 18,424 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.17% of D.R. Horton worth $104,525,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bfsg LLC lifted its position in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares in the last quarter. RiverPark Advisors LLC bought a new position in D.R. Horton in the 1st quarter valued at approximately $29,000. Signature Resources Capital Management LLC bought a new position in D.R. Horton in the 2nd quarter valued at approximately $31,000. Wolff Wiese Magana LLC lifted its position in D.R. Horton by 1,306.7% in the 3rd 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. Finally, Grove Bank & Trust lifted its position in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.
D.R. Horton Trading Down 1.9 %
Shares of NYSE:DHI traded down $3.46 during trading hours on Friday, hitting $179.24. 1,962,962 shares of the company’s stock traded hands, compared to its average volume of 2,431,438. D.R. Horton, Inc. has a 1 year low of $100.81 and a 1 year high of $199.85. The business has a fifty day moving average price of $187.89 and a 200-day moving average price of $164.64. The firm has a market capitalization of $59.03 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Bank of America increased their price target on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods increased their price target 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. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. JMP Securities raised their price objective on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada raised their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average target price of $185.67.
Get Our Latest Analysis on DHI
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.
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