GHP Investment Advisors Inc. Acquires 1,390 Shares of D.R. Horton, Inc. (NYSE:DHI)

GHP Investment Advisors Inc. boosted its stake in D.R. Horton, Inc. (NYSE:DHI) by 1,390.0% in the third quarter, HoldingsChannel reports. The firm owned 1,490 shares of the construction company’s stock after acquiring an additional 1,390 shares during the period. GHP Investment Advisors Inc.’s holdings in D.R. Horton were worth $284,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp increased its stake in shares of D.R. Horton by 173.7% in the 3rd quarter. Boston Trust Walden Corp now owns 221,800 shares of the construction company’s stock valued at $42,313,000 after acquiring an additional 140,760 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new position in D.R. Horton during the third quarter valued at approximately $1,251,000. Forsta AP Fonden raised 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 period. Mirae Asset Global Investments Co. Ltd. raised its holdings in D.R. Horton by 37.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,639 shares of the construction company’s stock worth $5,261,000 after purchasing an additional 7,517 shares during the period. Finally, Parcion Private Wealth LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $314,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.9 %

Shares of NYSE:DHI opened at $179.24 on Monday. The company’s 50-day moving average price is $187.89 and its two-hundred day moving average price is $164.80. D.R. Horton, Inc. has a one year low of $100.81 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 stock has a market capitalization of $59.03 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Barclays lifted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Bank of America increased their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Keefe, Bruyette & Woods lifted their price target on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada increased their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.67.

D.R. Horton Company 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.