6,560 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp purchased a new position in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,560 shares of the construction company’s stock, valued at approximately $1,251,000.

Other hedge funds have also recently made changes to their positions in the company. Forsta AP Fonden grew its holdings in D.R. Horton by 15.7% in the third quarter. Forsta AP Fonden now owns 60,500 shares of the construction company’s stock worth $11,542,000 after purchasing an additional 8,200 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in D.R. Horton by 37.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,639 shares of the construction company’s stock valued at $5,261,000 after buying an additional 7,517 shares in the last quarter. Parcion Private Wealth LLC purchased a new stake in D.R. Horton in the third quarter valued at about $314,000. Ballentine Partners LLC boosted its holdings in D.R. Horton by 16.3% in the third quarter. Ballentine Partners LLC now owns 4,012 shares of the construction company’s stock worth $765,000 after acquiring an additional 563 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of D.R. Horton by 1,194.0% during the third quarter. Silver Oak Securities Incorporated now owns 4,322 shares of the construction company’s stock worth $823,000 after acquiring an additional 3,988 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on DHI. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company raised their target price on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. UBS Group boosted their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada raised their price objective on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Finally, JMP Securities upped their target price 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. 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.67.

D.R. Horton Price Performance

DHI traded down $3.46 during midday trading on Friday, hitting $179.24. 1,962,962 shares of the company traded hands, compared to its average volume of 2,431,438. The company has a market capitalization of $59.03 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.78 and a beta of 1.72. The business has a 50 day simple moving average of $187.89 and a two-hundred day simple moving average of $164.64. 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 52-week low of $100.81 and a 52-week high of $199.85.

D.R. Horton announced that its board has approved a stock repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are 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.