Signaturefd LLC Purchases 933 Shares of D.R. Horton, Inc. (NYSE:DHI)

Signaturefd LLC raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,462 shares of the construction company’s stock after acquiring an additional 933 shares during the quarter. Signaturefd LLC’s holdings in D.R. Horton were worth $1,996,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DHI. Vanguard Group Inc. increased its position in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after acquiring an additional 2,474,262 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after purchasing an additional 987,834 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of D.R. Horton by 51.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after buying an additional 561,337 shares during the last quarter. Long Pond Capital LP boosted its stake in shares of D.R. Horton by 438.6% during the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock worth $108,564,000 after acquiring an additional 537,276 shares during the period. Finally, National Bank of Canada FI raised its stake in D.R. Horton by 265.6% in the 1st quarter. National Bank of Canada FI now owns 488,376 shares of the construction company’s stock valued at $73,239,000 after acquiring an additional 354,789 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised 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. Barclays boosted their price target on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Wells Fargo & Company raised their target price on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, JMP Securities boosted their price objective on shares of 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 analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.67.

D.R. Horton Stock Down 3.2 %

Shares of NYSE DHI opened at $180.38 on Wednesday. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 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 firm has a market cap of $59.40 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. The company has a 50 day simple moving average of $187.60 and a 200 day simple moving average of $164.25.

D.R. Horton announced that its board has authorized a share buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.