D.R. Horton, Inc. (NYSE:DHI) Stake Cut by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 27.8% in the third quarter, HoldingsChannel reports. The fund owned 65,157 shares of the construction company’s stock after selling 25,109 shares during the quarter. Mediolanum International Funds Ltd’s holdings in D.R. Horton were worth $12,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bfsg LLC boosted 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 period. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton during the 1st quarter valued at $29,000. Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton during the 2nd quarter valued at $31,000. Wolff Wiese Magana LLC increased its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 1.9 %

D.R. Horton stock opened at $179.23 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. The business’s 50-day simple moving average is $187.87 and its 200-day simple moving average is $164.49. The firm has a market capitalization of $59.02 billion, a PE ratio of 12.20, a PEG ratio of 0.78 and a beta of 1.72. D.R. Horton, Inc. has a 52 week low of $100.81 and a 52 week high of $199.85.

D.R. Horton declared that its board has approved a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding 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 usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research reports. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research report on Tuesday, October 15th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Barclays lifted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.67.

About D.R. Horton

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.