This evening we watched D.R. Horton drop -2.7% to a price of $139.4 per share. The Large-Cap Residential Construction company is now trading -16.57% below its average target price of $167.08. Analysts have set target prices ranging from $104.0 to $200.0 per share for D.R. Horton, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.5%, and a short ratio of 2.4. The company's insiders own 10.01% 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 84.0% of D.R. Horton's shares being owned by this investor type.
Institutions Invested in D.R. Horton
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 11% | 34,856,397 | $4,858,981,529 |
| 2024-03-31 | Blackrock Inc. | 10% | 33,073,674 | $4,610,469,953 |
| 2024-03-31 | Capital World Investors | 4% | 14,475,449 | $2,017,877,502 |
| 2024-03-31 | State Street Corporation | 4% | 13,481,448 | $1,879,313,768 |
| 2024-03-31 | JP Morgan Chase & Company | 3% | 11,480,024 | $1,600,315,275 |
| 2024-03-31 | Capital Research Global Investors | 3% | 11,298,293 | $1,574,981,975 |
| 2024-03-31 | Bank of America Corporation | 3% | 8,493,397 | $1,183,979,489 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 6,941,876 | $967,697,472 |
| 2024-03-31 | FMR, LLC | 2% | 5,477,636 | $763,582,424 |
| 2024-03-31 | Parnassus Investments, LLC | 1% | 4,424,810 | $616,818,486 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on D.R. Horton.
