NBC Securities Inc. Purchases 862 Shares of D.R. Horton, Inc. (NYSE:DHI)

NBC Securities Inc. raised its position in D.R. Horton, Inc. (NYSE:DHI) by 6,157.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 876 shares of the construction company’s stock after buying an additional 862 shares during the quarter. NBC Securities Inc.’s holdings in D.R. Horton were worth $167,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its holdings in D.R. Horton by 11.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,053 shares of the construction company’s stock valued at $173,000 after purchasing an additional 111 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of D.R. Horton by 29.5% during the 1st quarter. Ballentine Partners LLC now owns 3,261 shares of the construction company’s stock valued at $537,000 after buying an additional 743 shares in the last quarter. CHICAGO TRUST Co NA boosted its holdings in D.R. Horton by 5.8% in the 1st quarter. CHICAGO TRUST Co NA now owns 1,908 shares of the construction company’s stock worth $314,000 after buying an additional 104 shares during the period. Peak Financial Advisors LLC grew its stake in D.R. Horton by 3.0% in the 1st quarter. Peak Financial Advisors LLC now owns 18,728 shares of the construction company’s stock valued at $3,082,000 after buying an additional 542 shares in the last quarter. Finally, Perkins Coie Trust Co raised its holdings in D.R. Horton by 18.1% during the 1st quarter. Perkins Coie Trust Co now owns 17,083 shares of the construction company’s stock valued at $2,811,000 after acquiring an additional 2,620 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. 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 report on Tuesday, October 15th. JMP Securities lifted their target price on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. increased their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research note on Friday, July 19th. Finally, Evercore ISI increased their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $185.67.

D.R. Horton Trading Up 1.9 %

DHI stock opened at $194.56 on Friday. The company has a market capitalization of $64.07 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $199.85. The company’s 50 day moving average price is $187.21 and its two-hundred day moving average price is $163.84.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The company had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter last year, the company earned $3.90 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, analysts predict that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton announced that its board has authorized a share repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management 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.