Generali Asset Management SPA SGR Grows Stake in D.R. Horton, Inc. $DHI

Generali Asset Management SPA SGR raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 85.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 30,513 shares of the construction company’s stock after acquiring an additional 14,030 shares during the quarter. Generali Asset Management SPA SGR’s holdings in D.R. Horton were worth $3,934,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Olde Wealth Management LLC purchased a new position in D.R. Horton in the first quarter valued at about $26,000. Bayforest Capital Ltd increased its position in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after acquiring an additional 194 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter worth about $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton during the first quarter worth about $51,000. Finally, Adirondack Trust Co. increased its position in shares of D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after acquiring an additional 141 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In related news, Director Michael R. Buchanan sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director owned 1,193 shares of the company’s stock, valued at $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,376 shares of company stock worth $5,898,848. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DHI. UBS Group lifted their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Wedbush lifted their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 23rd. Evercore ISI set a $169.00 price target on D.R. Horton and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company lifted their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.54.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $155.26 on Thursday. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $167.16 and a 200-day simple moving average of $141.42. The company has a market cap of $46.28 billion, a PE ratio of 12.45, a P/E/G ratio of 3.26 and a beta of 1.40. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton’s payout ratio is currently 12.83%.

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.