Generali Asset Management SPA SGR Invests $2.21 Million in D.R. Horton, Inc. (NYSE:DHI)

Generali Asset Management SPA SGR bought a new position in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,773 shares of the construction company's stock, valued at approximately $2,205,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in D.R. Horton in the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton increased its holdings in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in D.R. Horton during the fourth quarter worth approximately $38,000. Sierra Ocean LLC purchased a new stake in D.R. Horton in the 4th quarter valued at $43,000. Finally, FSA Wealth Management LLC purchased a new stake in D.R. Horton in the 3rd quarter valued at $47,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Up 1.3 %

Shares of NYSE DHI traded up $1.65 during mid-day trading on Monday, hitting $130.49. The company had a trading volume of 2,650,020 shares, compared to its average volume of 2,692,337. The company has a market capitalization of $41.12 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The business's 50-day simple moving average is $134.42 and its 200 day simple moving average is $156.80. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

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D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business posted $2.82 EPS. The business's quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, February 7th. D.R. Horton's dividend payout ratio is presently 11.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada restated an "underperform" rating and set a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Wedbush reiterated a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Bank of America cut D.R. Horton from a "buy" rating to a "neutral" rating and cut their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and a consensus target price of $170.93.

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.