Wealthfront Advisers LLC Buys 8,697 Shares of D.R. Horton, Inc. $DHI

Wealthfront Advisers LLC lifted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,132 shares of the construction company’s stock after acquiring an additional 8,697 shares during the quarter. Wealthfront Advisers LLC’s holdings in D.R. Horton were worth $11,878,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Olde Wealth Management LLC bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $26,000. Bayforest Capital Ltd boosted its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after purchasing an additional 194 shares during the period. Accredited Wealth Management LLC bought a new position in D.R. Horton in the 1st quarter worth approximately $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton in the 1st quarter worth approximately $51,000. Finally, Adirondack Trust Co. boosted its stake in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after purchasing an additional 141 shares during the period. 90.63% of the stock is currently owned by institutional investors.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director owned 1,193 shares in the company, valued at approximately $215,622.82. This represents a 45.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,376 shares of company stock worth $5,898,848. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wedbush upped their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Bank of America dropped their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Royal Bank Of Canada upped their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $156.54.

D.R. Horton Stock Down 0.3%

Shares of DHI opened at $158.14 on Monday. The stock has a market capitalization of $47.14 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 3.28 and a beta of 1.40. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The business’s 50 day simple moving average is $166.65 and its 200-day simple moving average is $143.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

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.