Blue Trust Inc. Grows Position in D.R. Horton, Inc. (NYSE:DHI)

Blue Trust Inc. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 68.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,528 shares of the construction company's stock after acquiring an additional 3,067 shares during the period. Blue Trust Inc.'s holdings in D.R. Horton were worth $1,436,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DHI. Stratos Wealth Advisors LLC purchased a new stake in D.R. Horton during the 3rd quarter valued at about $244,000. Inspire Advisors LLC boosted its stake in shares of D.R. Horton by 8.2% during the third quarter. Inspire Advisors LLC now owns 7,911 shares of the construction company's stock valued at $1,509,000 after purchasing an additional 599 shares during the period. Trust Point Inc. bought a new position in shares of D.R. Horton in the third quarter worth approximately $232,000. Claro Advisors LLC grew its holdings in shares of D.R. Horton by 147.7% in the third quarter. Claro Advisors LLC now owns 6,901 shares of the construction company's stock worth $1,317,000 after purchasing an additional 4,115 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in shares of D.R. Horton by 7.8% in the third quarter. V Square Quantitative Management LLC now owns 6,555 shares of the construction company's stock worth $1,250,000 after buying an additional 476 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent analyst reports. Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price target on the stock in a report on Tuesday, October 15th. Royal Bank of Canada raised their target price on D.R. Horton from $141.00 to $154.00 and gave the stock an "underperform" rating in a research note on Friday, July 19th. JPMorgan Chase & Co. upped their price target 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. UBS Group lifted their price objective on D.R. Horton from $200.00 to $217.00 and gave the stock a "buy" rating in a research report on Friday, July 19th. Finally, Citigroup downgraded D.R. Horton from a "buy" rating to a "neutral" rating and decreased their target price for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.67.

D.R. Horton Stock Up 1.9 %

Shares of DHI stock traded up $3.61 during trading hours on Friday, hitting $194.56. 2,234,817 shares of the company's stock traded hands, compared to its average volume of 2,437,178. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $187.21 and its two-hundred day simple moving average is $163.88. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $199.85. The stock has a market cap of $64.07 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.35. The business had revenue of $9.97 billion during the quarter, compared to analysts' expectations of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.90 earnings per share. On average, analysts expect that D.R. Horton, Inc. will post 14.03 EPS for the current year.

D.R. Horton declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board 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.