D.R. Horton, Inc. $DHI Holdings Trimmed by BLB&B Advisors LLC

Key Points

• BLB&B Advisors cut its D.R. Horton position by 79.7% in the third quarter, selling 49,956 shares and retaining 12,729 shares worth approximately $1.74 million.
• Institutional sentiment was mixed: several investors increased their holdings, while hedge funds and institutions collectively owned 90.63% of D.R. Horton’s stock.
• Analysts maintained a generally cautious outlook, with a consensus “Hold” rating and an average price target of $153.27, compared with the stock’s reported price of $142.80.

BLB&B Advisors LLC trimmed its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 79.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,729 shares of the construction company's stock after selling 49,956 shares during the period. BLB&B Advisors LLC's holdings in D.R. Horton were worth $1,739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Verdence Capital Advisors LLC lifted its holdings in D.R. Horton by 12.7% during the third quarter. Verdence Capital Advisors LLC now owns 18,513 shares of the construction company's stock worth $2,530,000 after acquiring an additional 2,086 shares during the period. Flagship Harbor Advisors LLC increased its holdings in D.R. Horton by 38.1% during the third quarter. Flagship Harbor Advisors LLC now owns 4,012 shares of the construction company's stock worth $548,000 after buying an additional 1,107 shares during the last quarter. Peterson Wealth Services increased its holdings in D.R. Horton by 42.0% during the third quarter. Peterson Wealth Services now owns 1,968 shares of the construction company's stock worth $269,000 after buying an additional 582 shares during the last quarter. Viewpoint Investment Partners Corp raised its position in D.R. Horton by 92.9% in the third quarter. Viewpoint Investment Partners Corp now owns 2,700 shares of the construction company's stock worth $369,000 after acquiring an additional 1,300 shares during the period. Finally, Provident Investment Management Inc. raised its position in D.R. Horton by 4,532.5% in the third quarter. Provident Investment Management Inc. now owns 138,558 shares of the construction company's stock worth $18,934,000 after acquiring an additional 135,567 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DHI shares. Morgan Stanley assumed coverage on shares of D.R. Horton in a research note on Thursday, October 1st. They issued an "equal weight" rating and a $151.00 target price on the stock. The Goldman Sachs Group restated a "buy" rating and set a $182.00 price target (down from $190.00) on shares of D.R. Horton in a research note on Monday, October 12th. Truist Financial lowered their price target on shares of D.R. Horton from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, September 16th. BTIG Research reiterated a "buy" rating and issued a $174.00 price objective (down from $184.00) on shares of D.R. Horton in a research note on Tuesday, September 22nd. Finally, Citigroup dropped their price objective on D.R. Horton from $160.00 to $150.00 and set a "neutral" rating on the stock in a research note on Thursday, October 15th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $153.27.

D.R. Horton Price Performance

NYSE DHI opened at $142.80 on Thursday. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a market cap of $39.94 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.30 and a beta of 1.35. D.R. Horton, Inc. has a 52 week low of $130.40 and a 52 week high of $170.79. The firm's 50-day simple moving average is $140.91 and its two-hundred day simple moving average is $147.82.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company's operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.

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