Penobscot Investment Management Company Inc. Sells 6,340 Shares of D.R. Horton, Inc. $DHI

Penobscot Investment Management Company Inc. reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 22.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,630 shares of the construction company’s stock after selling 6,340 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in D.R. Horton were worth $2,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DHI. Cornerstone Planning Group LLC increased its position in shares of D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after acquiring an additional 72 shares during the period. William Allan Corp raised its stake in shares of D.R. Horton by 0.3% during the third quarter. William Allan Corp now owns 27,548 shares of the construction company’s stock valued at $3,764,000 after acquiring an additional 77 shares during the last quarter. GC Wealth Management RIA LLC raised its stake in shares of D.R. Horton by 0.7% during the first quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company’s stock valued at $1,571,000 after acquiring an additional 81 shares during the last quarter. Chemistry Wealth Management LLC boosted its holdings in shares of D.R. Horton by 3.0% during the second quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company’s stock worth $505,000 after purchasing an additional 91 shares during the period. Finally, Premier Path Wealth Partners LLC boosted its holdings in shares of D.R. Horton by 1.4% during the second quarter. Premier Path Wealth Partners LLC now owns 6,618 shares of the construction company’s stock worth $1,078,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DHI shares. Morgan Stanley began coverage on D.R. Horton in a research note on Thursday, October 1st. They issued an “equal weight” rating and a $151.00 target price on the stock. Evercore reduced their price target on D.R. Horton from $171.00 to $166.00 in a report on Thursday, October 8th. BTIG Research reaffirmed a “buy” rating and set a $174.00 price target (down from $184.00) on shares of D.R. Horton in a research report on Tuesday, September 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $182.00 price objective (down from $190.00) on shares of D.R. Horton in a report on Monday, October 12th. Finally, Wells Fargo & Company cut their price objective on D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Hold” and a consensus target price of $153.27.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $146.99 on Wednesday. D.R. Horton, Inc. has a 12-month low of $130.40 and a 12-month high of $170.79. The company’s fifty day simple moving average is $140.97 and its two-hundred day simple moving average is $147.83.

D.R. Horton Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.