Silver Oak Securities Incorporated Acquires 3,988 Shares of D.R. Horton, Inc. (NYSE:DHI)

Silver Oak Securities Incorporated boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 1,194.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,322 shares of the construction company’s stock after acquiring an additional 3,988 shares during the period. Silver Oak Securities Incorporated’s holdings in D.R. Horton were worth $823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dakota Wealth Management bought a new position in D.R. Horton in the third quarter worth approximately $247,000. Values First Advisors Inc. lifted its holdings in shares of D.R. Horton by 6.8% in the third quarter. Values First Advisors Inc. now owns 9,482 shares of the construction company’s stock valued at $1,809,000 after purchasing an additional 604 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of D.R. Horton by 23.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,015 shares of the construction company’s stock valued at $766,000 after purchasing an additional 768 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of D.R. Horton in the third quarter valued at approximately $15,285,000. Finally, Bank Pictet & Cie Europe AG lifted its holdings in shares of D.R. Horton by 17.7% in the third quarter. Bank Pictet & Cie Europe AG now owns 314,114 shares of the construction company’s stock valued at $59,924,000 after purchasing an additional 47,223 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

NYSE:DHI opened at $179.23 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. The business has a fifty day simple moving average of $187.87 and a two-hundred day simple moving average of $164.49. D.R. Horton, Inc. has a 1 year low of $100.81 and a 1 year high of $199.85. The company has a market capitalization of $59.02 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.78 and a beta of 1.72.

D.R. Horton declared that its board has approved a share buyback program on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on DHI. Wells Fargo & Company raised their target price on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. UBS Group raised their target price 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 D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus price target of $185.67.

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.