After this morning's 10.1% surge to $173.42 per share, D.R. Horton might just keep moving past its target price of $165.64. With an average analyst rating of buy, and target prices from $104.0 to $205.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 2.6%, and a short ratio of 3.12. 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 84.3% of D.R. Horton's shares being owned by this investor type.
Institutions Invested in D.R. Horton
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 11% | 34,856,397 | $6,044,796,303 |
| 2024-03-31 | Blackrock Inc. | 10% | 33,073,674 | $5,735,636,484 |
| 2024-03-31 | Capital World Investors | 4% | 14,475,449 | $2,510,332,339 |
| 2024-03-31 | State Street Corporation | 4% | 13,481,448 | $2,337,952,687 |
| 2024-03-31 | JP Morgan Chase & Company | 3% | 11,480,024 | $1,990,865,741 |
| 2024-03-31 | Capital Research Global Investors | 3% | 11,298,293 | $1,959,349,951 |
| 2024-03-31 | Bank of America Corporation | 3% | 8,493,397 | $1,472,924,892 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 6,941,876 | $1,203,860,123 |
| 2024-03-31 | FMR, LLC | 2% | 5,477,636 | $949,931,625 |
| 2024-03-31 | Parnassus Investments, LLC | 1% | 4,424,810 | $767,350,542 |
Besides an analyst consensus of little upside potential, other market factors point to there being positive market sentiment on D.R. Horton.
