Mediolanum International Funds Ltd Purchases 74,266 Shares of D.R. Horton, Inc. $DHI

Mediolanum International Funds Ltd raised its holdings in D.R. Horton, Inc. (NYSE:DHI) by 96.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,153 shares of the construction company’s stock after purchasing an additional 74,266 shares during the period. Mediolanum International Funds Ltd owned 0.05% of D.R. Horton worth $25,670,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the second quarter worth approximately $302,000. Truist Financial Corp raised its stake in D.R. Horton by 200.1% in the second quarter. Truist Financial Corp now owns 177,280 shares of the construction company’s stock valued at $22,855,000 after purchasing an additional 118,199 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in D.R. Horton by 13.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 52,301 shares of the construction company’s stock valued at $6,743,000 after purchasing an additional 6,086 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research reports. Argus raised their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research note on Tuesday. Wells Fargo & Company set a $158.00 price target on D.R. Horton in a research note on Wednesday, January 21st. Bank of America reduced their price objective on D.R. Horton from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 21st. Finally, BTIG Research set a $182.00 price objective on D.R. Horton in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $160.50.

D.R. Horton Price Performance

DHI stock opened at $148.82 on Friday. The firm has a 50-day moving average of $152.19 and a 200 day moving average of $155.78. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company has a market cap of $43.11 billion, a P/E ratio of 13.52, a PEG ratio of 2.32 and a beta of 1.42. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the company earned $2.61 earnings per share. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Thursday, February 5th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is presently 16.35%.

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.