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

Generali Asset Management SPA SGR reduced its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

A number of other institutional investors have also added to or reduced their stakes in DHI. Concord Wealth Partners bought a new position in shares of D.R. Horton during the 3rd quarter worth approximately $25,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $27,000. Sound Income Strategies LLC purchased a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $27,000. Elevated Capital Advisors LLC bought a new stake in D.R. Horton during the fourth quarter worth $27,000. Finally, Ameriflex Group Inc. purchased a new position in D.R. Horton in the third quarter worth $31,000. 90.63% of the stock is owned by institutional investors.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction 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 completion of the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DHI shares. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Truist Financial boosted their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group increased their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Finally, Evercore boosted their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Price Performance

DHI opened at $147.56 on Friday. The firm has a 50-day moving average price of $146.25 and a 200-day moving average price of $150.41. D.R. Horton, Inc. has a twelve month low of $114.17 and a twelve month high of $184.54. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $41.85 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 2.05 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. D.R. Horton’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 EPS. Equities analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

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