Fulcrum Capital LLC Decreases Stake in D.R. Horton, Inc. (NYSE:DHI)

Fulcrum Capital LLC reduced its stake in D.R. Horton, Inc. (NYSE:DHI) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,619 shares of the construction company’s stock after selling 768 shares during the period. D.R. Horton comprises 1.8% of Fulcrum Capital LLC’s investment portfolio, making the stock its 21st largest position. Fulcrum Capital LLC’s holdings in D.R. Horton were worth $8,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Premier Path Wealth Partners LLC increased its stake in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after buying an additional 59 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares during the period. Whittier Trust Co. increased its stake in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after buying an additional 63 shares during the period. Values First Advisors Inc. increased its stake in shares of D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after buying an additional 66 shares during the period. Finally, Studio Investment Management LLC increased its stake in shares of D.R. Horton by 0.3% during the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock valued at $3,350,000 after buying an additional 70 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DHI. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company upped their price target on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Evercore ISI upped their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada upped their price target on D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. One investment 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, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.67.

D.R. Horton Trading Down 0.1 %

Shares of NYSE:DHI opened at $180.29 on Thursday. The company has a market cap of $59.37 billion, a P/E ratio of 12.27, a PEG ratio of 0.78 and a beta of 1.72. 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 1 year low of $100.08 and a 1 year high of $199.85. The stock’s fifty day moving average price is $187.72 and its 200-day moving average price is $164.36.

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

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.