D.R. Horton, Inc. $DHI Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,826 shares of the construction company’s stock after purchasing an additional 931 shares during the quarter. Nisa Investment Advisors LLC’s holdings in D.R. Horton were worth $13,901,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the first quarter valued at $26,000. Bayforest Capital Ltd lifted its position in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in D.R. Horton during the 1st quarter valued at about $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton in the 1st quarter worth about $51,000. Finally, Adirondack Trust Co. increased its stake in shares of D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DHI shares. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Wedbush increased 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. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $156.54.

D.R. Horton Trading Up 0.5%

Shares of D.R. Horton stock opened at $158.70 on Tuesday. The business has a fifty day simple moving average of $166.51 and a 200-day simple moving average of $143.58. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The firm has a market cap of $47.31 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 3.28 and a beta of 1.40. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

Insider Buying and Selling at D.R. Horton

In other news, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the transaction, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is owned by insiders.

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.