Shares of D.R. Horton Inc. (NYSE:DHI) reached a new 52-week high on Wednesday . The company traded as high as $34.45 and last traded at $34.31, with a volume of 2,153,660 shares. The stock had previously closed at $34.07.

A number of analysts recently weighed in on the stock. Barclays PLC reaffirmed a “hold” rating on shares of D.R. Horton in a report on Saturday, April 23rd. FBN Securities lowered shares of D.R. Horton from a “sector perform” rating to an “underperform” rating in a report on Monday, April 18th. JMP Securities reaffirmed a “buy” rating and set a $36.00 target price on shares of D.R. Horton in a report on Wednesday, June 15th. Zacks Investment Research raised shares of D.R. Horton from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Monday, April 25th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. D.R. Horton presently has an average rating of “Hold” and a consensus price target of $32.14.

The stock has a market capitalization of $12.73 billion and a price-to-earnings ratio of 15.75. The firm’s 50 day moving average is $31.75 and its 200 day moving average is $29.42.

In other D.R. Horton news, Chairman Donald R. Horton sold 149,035 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $29.88, for a total value of $4,453,165.80. Following the sale, the chairman now owns 24,977,347 shares in the company, valued at approximately $746,323,128.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Michael J. Murray sold 2,944 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $30.34, for a total value of $89,320.96. Following the completion of the sale, the chief operating officer now owns 13,344 shares in the company, valued at approximately $404,856.96. The disclosure for this sale can be found here.

A number of large investors recently added to or reduced their stakes in DHI. Vanguard Group Inc. raised its stake in D.R. Horton by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 29,670,164 shares of the company’s stock valued at $950,335,000 after buying an additional 1,135,540 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in D.R. Horton by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,461,124 shares of the company’s stock valued at $110,872,000 after buying an additional 139,105 shares in the last quarter. Morgan Stanley raised its stake in D.R. Horton by 56.6% in the fourth quarter. Morgan Stanley now owns 3,214,773 shares of the company’s stock valued at $102,970,000 after buying an additional 1,161,270 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of D.R. Horton by 8.5% in the fourth quarter. New York State Common Retirement Fund now owns 817,593 shares of the company’s stock worth $26,188,000 after buying an additional 64,293 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of D.R. Horton by 37.3% in the fourth quarter. OppenheimerFunds Inc. now owns 605,173 shares of the company’s stock worth $19,391,000 after buying an additional 164,333 shares during the period.

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

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