Generali Asset Management SPA SGR Increases Position in D.R. Horton, Inc. $DHI

Generali Asset Management SPA SGR raised its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 76.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,729 shares of the construction company’s stock after buying an additional 23,216 shares during the period. Generali Asset Management SPA SGR’s holdings in D.R. Horton were worth $9,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Norges Bank acquired a new position in D.R. Horton in the 2nd quarter valued at about $494,278,000. Berkshire Hathaway Inc purchased a new position in shares of D.R. Horton in the second quarter valued at approximately $191,491,000. Viking Global Investors LP boosted its stake in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of D.R. Horton by 42.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock valued at $378,628,000 after purchasing an additional 846,085 shares in the last quarter. Finally, Amundi increased its stake in D.R. Horton by 60.2% during the 1st quarter. Amundi now owns 2,176,211 shares of the construction company’s stock worth $266,811,000 after buying an additional 817,998 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America dropped their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. BTIG Research began coverage on D.R. Horton in a research note on Monday, December 1st. They set a “buy” rating and a $186.00 target price for the company. Citigroup reaffirmed a “market outperform” rating on shares of D.R. Horton in a research report on Thursday, October 30th. UBS Group boosted their price objective on D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company cut their target price on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $161.08.

D.R. Horton Trading Down 1.0%

NYSE:DHI opened at $144.01 on Friday. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The stock has a market cap of $41.92 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.71 and a beta of 1.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The stock has a 50-day simple moving average of $149.50 and a 200-day simple moving average of $152.34.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.D.R. Horton’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $3.92 EPS. As a group, analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were given a $0.45 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 15.53%.

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.