SRN Advisors LLC Sells 249 Shares of D.R. Horton, Inc. (NYSE:DHI)

SRN Advisors LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,115 shares of the construction company’s stock after selling 249 shares during the period. SRN Advisors LLC’s holdings in D.R. Horton were worth $1,167,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DHI. Carret Asset Management LLC lifted its position in D.R. Horton by 12.1% in the 3rd quarter. Carret Asset Management LLC now owns 27,255 shares of the construction company’s stock valued at $5,199,000 after acquiring an additional 2,938 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in D.R. Horton by 1,390.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,490 shares of the construction company’s stock worth $284,000 after buying an additional 1,390 shares in the last quarter. Boston Trust Walden Corp raised its position in D.R. Horton by 173.7% in the 3rd quarter. Boston Trust Walden Corp now owns 221,800 shares of the construction company’s stock worth $42,313,000 after buying an additional 140,760 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in D.R. Horton during the 3rd quarter valued at about $1,251,000. Finally, Forsta AP Fonden boosted its holdings in shares of D.R. Horton by 15.7% during the 3rd quarter. Forsta AP Fonden now owns 60,500 shares of the construction company’s stock valued at $11,542,000 after acquiring an additional 8,200 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

DHI has been the subject of several research reports. Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Royal Bank of Canada increased their price target 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 objective 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 increased their target price on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, UBS Group boosted their price target on D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $185.67.

D.R. Horton Stock Down 1.9 %

Shares of DHI stock opened at $179.24 on Friday. 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, Inc. has a one year low of $100.81 and a one year high of $199.85. The company’s fifty day moving average price is $187.89 and its 200-day moving average price is $164.69. The company has a market capitalization of $59.03 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.78 and a beta of 1.72.

D.R. Horton declared that its board has authorized a stock buyback plan on Thursday, July 18th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.