Generali Asset Management SPA SGR Takes $2.21 Million Position in D.R. Horton, Inc. (NYSE:DHI)

Generali Asset Management SPA SGR bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,773 shares of the construction company’s stock, valued at approximately $2,205,000.

Other hedge funds have also recently modified their holdings of the company. Golden State Equity Partners grew its stake in shares of D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after buying an additional 3,171 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of D.R. Horton by 17.3% during the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after buying an additional 15,460 shares during the last quarter. Pensionfund Sabic grew its stake in shares of D.R. Horton by 70.2% during the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after buying an additional 4,000 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of D.R. Horton by 904.4% during the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after buying an additional 36,780 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of D.R. Horton by 10.9% during the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after buying an additional 2,767 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DHI shares. Barclays cut their target price on D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada reissued an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group dropped their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $130.48 on Thursday. D.R. Horton, Inc. has a 12 month low of $124.23 and a 12 month high of $199.85. The stock has a fifty day moving average price of $134.75 and a 200-day moving average price of $157.79. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $41.12 billion, a PE ratio of 9.22, a P/E/G ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.82 EPS. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.