D.R. Horton, Inc. (NYSE:DHI) Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp increased its position in D.R. Horton, Inc. (NYSE:DHI) by 173.7% during the third quarter, Holdings Channel reports. The fund owned 221,800 shares of the construction company’s stock after purchasing an additional 140,760 shares during the quarter. Boston Trust Walden Corp’s holdings in D.R. Horton were worth $42,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Bfsg LLC increased its stake in shares of D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the period. RiverPark Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $29,000. Signature Resources Capital Management LLC acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $31,000. Wolff Wiese Magana LLC raised its stake in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

DHI opened at $179.24 on Friday. 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 firm has a market cap of $59.03 billion, a PE ratio of 12.20, a P/E/G ratio of 0.78 and a beta of 1.72. The business has a fifty day simple moving average of $187.89 and a 200-day simple moving average of $164.69. D.R. Horton, Inc. has a fifty-two week low of $100.81 and a fifty-two week high of $199.85.

D.R. Horton declared that its board has authorized 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 purchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group raised their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada raised their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. JMP Securities upped their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Bank of America increased their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.