Generali Asset Management SPA SGR Has $6.83 Million Holdings in D.R. Horton, Inc. $DHI

Generali Asset Management SPA SGR lessened its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,439 shares of the construction company’s stock after selling 6,290 shares during the period. Generali Asset Management SPA SGR’s holdings in D.R. Horton were worth $6,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners acquired a new position in D.R. Horton in the third quarter valued at approximately $25,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC bought a new stake in shares of D.R. Horton in the 4th quarter valued at $27,000. Ameriflex Group Inc. acquired a new position in shares of D.R. Horton during the 3rd quarter valued at $31,000. Finally, Elevated Capital Advisors LLC bought a new position in D.R. Horton during the fourth quarter worth $27,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 1.1%

D.R. Horton stock opened at $147.56 on Friday. The firm has a market capitalization of $41.85 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 2.05 and a beta of 1.41. The firm’s fifty day moving average price is $146.25 and its two-hundred day moving average price is $150.41. D.R. Horton, Inc. has a 1-year low of $114.17 and a 1-year high of $184.54. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the prior year, the business posted $2.58 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 16.87%.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DHI shares. Keefe, Bruyette & Woods reaffirmed a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Barclays increased their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group boosted their target price on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Finally, UBS Group increased their price target on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.