180 Wealth Advisors LLC Cuts Stake in D.R. Horton, Inc. $DHI

180 Wealth Advisors LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.8% in the second quarter, Holdings Channel reports. The institutional investor owned 2,812 shares of the construction company’s stock after selling 270 shares during the period. 180 Wealth Advisors LLC’s holdings in D.R. Horton were worth $363,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Forum Financial Management LP raised its position in D.R. Horton by 2.6% during the 2nd quarter. Forum Financial Management LP now owns 5,817 shares of the construction company’s stock worth $750,000 after buying an additional 149 shares during the last quarter. Ethic Inc. raised its position in D.R. Horton by 35.8% during the 2nd quarter. Ethic Inc. now owns 43,160 shares of the construction company’s stock worth $5,554,000 after buying an additional 11,378 shares during the last quarter. TFB Advisors LLC raised its position in D.R. Horton by 19.5% during the 2nd quarter. TFB Advisors LLC now owns 4,285 shares of the construction company’s stock worth $552,000 after buying an additional 698 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of D.R. Horton in the 2nd quarter valued at about $388,000. Finally, D.A. Davidson & CO. increased its holdings in shares of D.R. Horton by 3.8% in the 2nd quarter. D.A. Davidson & CO. now owns 82,767 shares of the construction company’s stock valued at $10,670,000 after purchasing an additional 3,037 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insider Activity at D.R. Horton

In related news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman directly owned 815,672 shares of the company’s stock, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,376 shares of company stock valued at $5,898,848. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wedbush increased 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a report on Friday. Royal Bank Of Canada increased 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, Wells Fargo & Company increased their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. One 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 company’s stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $156.54.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $158.14 on Friday. The stock has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, 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’s 50-day moving average price is $166.65 and its 200 day moving average price is $143.16. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

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.