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

Silver Oak Securities Incorporated lifted its stake in D.R. Horton, Inc. (NYSE:DHI) by 1,194.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DHI. RiverPark Advisors LLC bought a new stake in D.R. Horton during the first quarter valued at $29,000. Bfsg LLC boosted its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares during the period. Wolff Wiese Magana LLC boosted its stake in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the period. Grove Bank & Trust boosted its stake in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares during the period. Finally, Signature Resources Capital Management LLC bought a new stake in D.R. Horton during the second quarter valued at $31,000. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DHI shares. JPMorgan Chase & Co. lifted their price objective on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Bank of America lifted 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. Keefe, Bruyette & Woods lifted their price target on D.R. Horton from $178.00 to $208.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. Finally, Barclays lifted their price target on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $185.67.

D.R. Horton Stock Performance

Shares of DHI opened at $179.23 on Friday. The company has a market cap of $59.02 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 0.78 and a beta of 1.72. D.R. Horton, Inc. has a 12 month low of $100.81 and a 12 month high of $199.85. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $187.87 and its two-hundred day simple moving average is $164.49.

D.R. Horton declared that its board has initiated a share buyback program on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are often 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.