Weaver Capital Management LLC Buys 2,434 Shares of D.R. Horton, Inc. (NYSE:DHI)

Weaver Capital Management LLC lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 101.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,842 shares of the construction company’s stock after purchasing an additional 2,434 shares during the period. Weaver Capital Management LLC’s holdings in D.R. Horton were worth $924,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bfsg LLC grew its holdings in shares of D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of D.R. Horton during the first quarter worth $29,000. Riverview Trust Co bought a new stake in shares of D.R. Horton during the first quarter worth $30,000. Signature Resources Capital Management LLC bought a new stake in shares of D.R. Horton during the second quarter worth $31,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DHI shares. Barclays increased their target price on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Wells Fargo & Company upped their price target on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their price target on D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. Finally, JMP Securities upped their price target on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.67.

D.R. Horton Trading Down 3.2 %

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 business’s 50-day moving average price is $187.60 and its two-hundred day moving average price is $164.25. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $59.40 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.78 and a beta of 1.72.

D.R. Horton announced that its Board of Directors has initiated a stock repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are 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.