Tyche Wealth Partners LLC Takes $328,000 Position in D.R. Horton, Inc. (NYSE:DHI)

Tyche Wealth Partners LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,717 shares of the construction company’s stock, valued at approximately $328,000.

Other large investors have also modified their holdings of the company. Bfsg LLC grew its position in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares during the last quarter. RiverPark Advisors LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth approximately $29,000. Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton in the 2nd quarter worth approximately $31,000. Wolff Wiese Magana LLC grew its position in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. Finally, Grove Bank & Trust grew its position in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after buying an additional 93 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI traded down $17.02 during trading hours on Tuesday, hitting $163.36. The stock had a trading volume of 5,582,587 shares, compared to its average volume of 2,446,521. 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 firm has a 50-day moving average price of $187.87 and a 200 day moving average price of $165.01. D.R. Horton, Inc. has a fifty-two week low of $100.94 and a fifty-two week high of $199.85. The firm has a market capitalization of $53.80 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.78 and a beta of 1.72.

D.R. Horton declared that its board has initiated a stock repurchase plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DHI shares. Bank of America lifted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Citigroup downgraded shares of 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 research report on Tuesday, July 2nd. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, UBS Group boosted their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.67.

D.R. Horton Company 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.