Eurizon Capital SGR S.p.A. Takes Position in D.R. Horton, Inc. $DHI

Eurizon Capital SGR S.p.A. acquired a new position in D.R. Horton, Inc. (NYSE:DHI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 164,692 shares of the construction company’s stock, valued at approximately $23,734,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new stake in D.R. Horton in the fourth quarter worth about $14,648,000. Concord Investment Counsel Inc. increased its position in D.R. Horton by 51.9% in the fourth quarter. Concord Investment Counsel Inc. now owns 35,612 shares of the construction company’s stock worth $5,129,000 after purchasing an additional 12,161 shares during the period. Rothschild Investment LLC increased its position in D.R. Horton by 28.1% in the fourth quarter. Rothschild Investment LLC now owns 6,190 shares of the construction company’s stock worth $892,000 after purchasing an additional 1,356 shares during the period. Moors & Cabot Inc. increased its position in D.R. Horton by 5.9% in the fourth quarter. Moors & Cabot Inc. now owns 1,584 shares of the construction company’s stock worth $228,000 after purchasing an additional 88 shares during the period. Finally, Intech Investment Management LLC increased its position in D.R. Horton by 22.8% in the fourth quarter. Intech Investment Management LLC now owns 18,634 shares of the construction company’s stock worth $2,684,000 after purchasing an additional 3,463 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DHI. Wells Fargo & Company lifted their price objective on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Truist Financial lifted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. UBS Group lifted their price objective on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Barclays lifted their price objective on 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. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Price Performance

D.R. Horton stock opened at $147.14 on Friday. The firm has a market capitalization of $41.73 billion, a P/E ratio of 13.79, a PEG ratio of 2.06 and a beta of 1.41. D.R. Horton, Inc. has a 1 year low of $114.17 and a 1 year high of $184.54. The business has a 50-day moving average of $144.54 and a 200-day moving average of $149.46. 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 (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 EPS. On average, equities analysts anticipate that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s payout ratio is presently 16.87%.

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.