William Allan Corp Has $3.66 Million Stake in D.R. Horton, Inc. $DHI

William Allan Corp raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 28,391 shares of the construction company’s stock after acquiring an additional 110 shares during the period. D.R. Horton comprises about 2.1% of William Allan Corp’s investment portfolio, making the stock its 20th largest holding. William Allan Corp’s holdings in D.R. Horton were worth $3,660,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Edgestream Partners L.P. increased its holdings in shares of D.R. Horton by 1,710.0% during the first quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company’s stock worth $13,678,000 after buying an additional 101,643 shares in the last quarter. MQS Management LLC acquired a new stake in shares of D.R. Horton during the first quarter worth approximately $1,132,000. Leavell Investment Management Inc. increased its holdings in shares of D.R. Horton by 19.8% during the first quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company’s stock worth $423,000 after buying an additional 549 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of D.R. Horton by 787.0% during the first quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after buying an additional 18,086 shares in the last quarter. Finally, Swedbank AB increased its holdings in shares of D.R. Horton by 22.8% during the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after buying an additional 97,467 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DHI shares. Wedbush raised their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Bank of America lowered their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Citigroup raised their price target on shares of D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Royal Bank Of Canada raised their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $156.54.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the transaction, the director directly owned 1,193 shares of the company’s stock, valued at $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the transaction, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Price Performance

Shares of DHI stock opened at $158.70 on Tuesday. The firm’s 50 day moving average price is $166.51 and its two-hundred day moving average price is $143.58. The stock has a market cap of $47.31 billion, a PE ratio of 12.73, a PEG ratio of 3.28 and a beta of 1.40. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06.

About D.R. Horton

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.