15,773 Shares in D.R. Horton, Inc. (NYSE:DHI) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new position in shares of D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,773 shares of the construction company’s stock, valued at approximately $2,205,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $30,000. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $38,000. Sierra Ocean LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $43,000. Finally, FSA Wealth Management LLC acquired a new stake in D.R. Horton during the 3rd quarter worth about $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on DHI. Citigroup dropped their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Royal Bank of Canada restated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Trading Up 2.1 %

DHI stock opened at $130.48 on Thursday. 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 business’s 50-day moving average is $134.75 and its 200 day moving average is $157.79. D.R. Horton, Inc. has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a market cap of $41.12 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company posted $2.82 EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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