BlackRock Fund Advisors has recently announced that it has increased stake in D.R. Horton Inc. (NYSE:DHI) by 7.21%. After grabbing 20.49 million shares, the institutional investor is now in possession of 1.38 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 6.06% having worth around $2.6 billion. Moreover, SSgA Funds Management, Inc. increased its share by 14009.0 to have a control over 13.73 million shares. And Geode Capital Management LLC raised its holdings to 99842.0 shares by acquiring 6.62 million shares or 1.96% of the stake.
D.R. Horton Inc. (DHI) concluded trading on 09/14/23 at a closing price of $115.20, with 2.76 million shares of worth about $318.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.65% during that period and on Thursday the price saw a gain of about 1.18%. Currently the company’s common shares owned by public are about 339.90M shares, out of which, 301.56M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 23 analysts are covering the DHI stock and their offered price forecasts bring an average price target of $145.06. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $167.00 and could fall to a lowest price of $115.00. The stock’s current price level is 19.63% above of average price target set by the analysts, while a rise to estimated low would result in loss of -0.17% for the stock. However, touching the estimated high of $167.00 would mean a gain of 31.02% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 127 times over the past 12 months. They bought 3,360,226 shares in 68 of the transactions. In 59 selling transactions, insiders dumped 3,506,614 shares.
American Funds Growth Fund of Ame, Vanguard Total Stock Market ETF, and American Balanced Fund are the top 3 mutual funds which are holding stakes in D.R. Horton Inc. American Funds Growth Fund of Ame is currently holding 13.18 million shares of worth totaling $1.67 billion. The company recently came selling -5.74 million shares which brought its stake up to 3.90% of the company’s outstanding shares. Vanguard Total Stock Market ETF sold 10261.0 shares, after which its hold over company’s outstanding shares shrunk to 2.82%, leaving 9.54 million shares with the mutual fund that have a worth of about $1.21 billion. American Balanced Fund, after selling 8.71 million shares, have now control over 2.58% of the stake in the company. It holds -1.99 million shares of worth $1.11 billion.
D.R. Horton Inc. (NYSE: DHI) started trading at $115.02, above $1.16 from concluding price of the previous day. However, the stock later moved at a day high price of 115.69, or with a gain of 1.18%. Stock saw a price change of -1.63% in past 5 days and over the past one month there was a price change of -9.18%. Year-to-date (YTD), DHI shares are showing a performance of 29.23% which increased to 66.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.01 but also hit the highest price of $132.30 during that period. The average intraday trading volume for D.R. Horton Inc. shares is 2.99 million. The stock is currently trading -1.57% below its 20-day simple moving average (SMA20), while that difference is down -5.54% for SMA50 and it goes to 9.26% higher than SMA200.
BlackRock Fund Advisors acquired 20.49 million shares of D.R. Horton Inc. having value of about $2.6 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.38 million shares in the company valued at close to $158616921.6, or have control over 7.21% stake in the company. D.R. Horton Inc. (NYSE: DHI) currently have 339.90M outstanding shares and institutions hold larger chunk of about 87.30% of that. Holding of mutual funds in the company is about 51.30% while other institutional holders and individual stake holders have control over 8.56% and 33.45% of the stake respectively.
The stock has a current market capitalization of $38.91B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 8.19, while it has posted earnings per share of $14.06 in the same period. It has a debt-to-equity ratio of 0.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DHI, volatility over the week remained 2.34% while standing at 2.66% over the month.
Analysts are in expectations that D.R. Horton Inc. (DHI) stock would likely to be making an EPS of $3.9 in the current quarter, while forecast for next quarter EPS is $2.65 and it is $13.78 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.42 which is $4.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.67 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 44.60% while it is estimated to increase by 4.18% in next year. EPS is likely to shrink at an annualized rate of -5.62% for next 5-years, compared to annual growth of 43.20% made by the stock over the past 5-years.
Analysts at 23 brokerage firms have issued recommendations for the D.R. Horton Inc. (DHI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 23 Wall Street analysts, 11 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on July 24, 2023 offering an Outperform rating for the stock and assigned a target price of $160 to it.