D.R. Horton stock is trading -11.22% below its average target price of $159.83 after dropping -4.3% during today's afternoon session. Analysts are giving the large-cap Residential Construction company an average rating of buy and target prices ranging from $104.0 to $192.0 per share.
The stock has a very low short interest at 1.6%, and a short ratio of 1.4. The company's insiders own 13.0% 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 83.3% 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 | $4,838,229,286 |
| 2023-09-30 | Blackrock Inc. | 9% | 28,802,758 | $4,087,111,184 |
| 2023-09-30 | Capital World Investors | 6% | 19,661,965 | $2,790,032,713 |
| 2023-09-30 | Capital Research Global Investors | 4% | 14,078,125 | $1,997,685,851 |
| 2023-09-30 | State Street Corporation | 4% | 13,422,203 | $1,904,610,523 |
| 2023-09-30 | Bank of America Corporation | 2% | 7,515,119 | $1,066,395,340 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 6,666,897 | $946,032,643 |
| 2023-09-30 | Berkshire Hathaway, Inc | 2% | 5,969,714 | $847,102,380 |
| 2023-12-31 | JP Morgan Chase & Company | 2% | 5,294,400 | $751,275,327 |
| 2023-09-30 | FMR, LLC | 2% | 5,150,690 | $730,882,879 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on D.R. Horton.
