Shares of D.R. Horton rose to $153.13 during today's evening trading session. Despite the 6.2% change, the large-cap Residential Construction company still trades 5.06% above its average analyst target price of $145.75. So there may be further downside for the Residential Construction stock. D.R. Horton has target prices ranging from $107.0 to $175.0 per share, and its average rating is buy.
The stock has an average amount of shares sold short at 3.5%, and a short ratio of 2.67. The company's insiders own 11.03% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.2% of D.R. Horton's shares being owned by this investor type.
Institutions Invested in D.R. Horton
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 10% | 34,096,050 | $5,221,128,302 |
| 2023-09-30 | Blackrock Inc. | 9% | 28,802,758 | $4,410,566,473 |
| 2023-09-30 | Capital World Investors | 6% | 19,661,965 | $3,010,836,796 |
| 2023-09-30 | Capital Research Global Investors | 4% | 14,078,125 | $2,155,783,349 |
| 2023-09-30 | State Street Corporation | 4% | 13,422,203 | $2,055,342,010 |
| 2023-09-30 | Bank of America Corporation | 2% | 7,515,119 | $1,150,790,209 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 6,666,897 | $1,020,901,970 |
| 2023-09-30 | Berkshire Hathaway, Inc | 2% | 5,969,714 | $914,142,333 |
| 2023-09-30 | Dimensional Fund Advisors LP | 2% | 5,535,010 | $847,576,108 |
| 2023-09-30 | FMR, LLC | 2% | 5,150,690 | $788,725,184 |
Besides an analyst consensus of little upside potential, other market factors point to there being positive market sentiment on D.R. Horton.
