FSC Wealth Advisors LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

FSC Wealth Advisors LLC purchased a new position in D.R. Horton, Inc. (NYSE:DHI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 404 shares of the construction company’s stock, valued at approximately $77,000.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after purchasing an additional 2,474,262 shares during the last quarter. Greenhaven Associates Inc. boosted its position in D.R. Horton by 2.3% during the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after acquiring an additional 81,900 shares during the last quarter. Earnest Partners LLC boosted its position in D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after acquiring an additional 9,137 shares during the last quarter. Principal Financial Group Inc. grew its stake in D.R. Horton by 51.2% during 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 acquiring an additional 561,337 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in D.R. Horton by 1,761.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after acquiring an additional 987,834 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DHI shares. UBS Group upped their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada upped their target price on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. Bank of America lifted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Barclays upped their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.67.

D.R. Horton Price Performance

Shares of 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 stock has a market cap of $59.40 billion, a PE ratio of 12.28, a P/E/G ratio of 0.78 and a beta of 1.72. The firm has a 50-day simple moving average of $187.60 and a two-hundred day simple moving average of $164.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

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

D.R. Horton Company 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.