Pacer Advisors Inc. lifted its position in shares of D. R. Horton Inc (NYSE:DHI) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,867 shares of the construction company’s stock after purchasing an additional 3,507 shares during the quarter. Pacer Advisors Inc.’s holdings in D. R. Horton were worth $1,891,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of D. R. Horton by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 37,831,313 shares of the construction company’s stock worth $1,631,664,000 after purchasing an additional 315,191 shares during the period. Sanders Capital LLC grew its stake in shares of D. R. Horton by 7.4% during the 2nd quarter. Sanders Capital LLC now owns 22,278,637 shares of the construction company’s stock worth $1,048,294,000 after purchasing an additional 1,540,500 shares during the period. FMR LLC grew its stake in shares of D. R. Horton by 7.4% during the 1st quarter. FMR LLC now owns 17,558,688 shares of the construction company’s stock worth $726,579,000 after purchasing an additional 1,211,995 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of D. R. Horton during the 2nd quarter worth approximately $387,479,000. Finally, Northern Trust Corp grew its stake in shares of D. R. Horton by 4.0% during the 2nd quarter. Northern Trust Corp now owns 4,337,462 shares of the construction company’s stock worth $187,074,000 after purchasing an additional 165,957 shares during the period. 86.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:DHI opened at $52.63 on Wednesday. D. R. Horton Inc has a 1 year low of $32.39 and a 1 year high of $53.53. The firm has a market capitalization of $19.23 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94. The business’s 50 day moving average price is $50.98 and its 200-day moving average price is $46.43.
DHI has been the topic of a number of analyst reports. JMP Securities raised their price objective on shares of D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 17th. Buckingham Research increased their target price on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Seaport Global Securities began coverage on D. R. Horton in a research report on Friday, August 23rd. They set a “buy” rating and a $59.00 target price on the stock. Barclays increased their target price on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, BTIG Research reiterated a “buy” rating on shares of D. R. Horton in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. D. R. Horton has an average rating of “Buy” and an average price target of $48.23.
In other D. R. Horton news, Director Bradley S. Anderson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $48.04, for a total value of $360,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 7,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total value of $346,150.00. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $937,350 in the last 90 days. 6.87% of the stock is currently owned by insiders.
D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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