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

Key Points

• Generali Asset Management SPA SGR increased its stake in D.R. Horton, Inc. by 85.1% in Q2, now holding 30,513 shares valued at approximately $3.93 million.
• Chairman David V. Auld and Director Michael R. Buchanan each sold significant amounts of D.R. Horton stock, indicating insider transactions that reduced their ownership stakes.
• Analysts have set a consensus price target of $156.54 for D.R. Horton, with ratings ranging from "Buy" to "Sell" based on recent research notes from various firms.

Generali Asset Management SPA SGR raised its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 85.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,513 shares of the construction company's stock after acquiring an additional 14,030 shares during the period. Generali Asset Management SPA SGR's holdings in D.R. Horton were worth $3,934,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Ritholtz Wealth Management raised its stake in shares of D.R. Horton by 171.5% during the 2nd quarter. Ritholtz Wealth Management now owns 5,767 shares of the construction company's stock worth $743,000 after buying an additional 3,643 shares in the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of D.R. Horton by 13.3% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,244 shares of the construction company's stock worth $418,000 after buying an additional 380 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of D.R. Horton by 20.8% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 13,182 shares of the construction company's stock worth $1,699,000 after buying an additional 2,269 shares in the last quarter. MGO One Seven LLC raised its stake in shares of D.R. Horton by 39.5% during the 2nd quarter. MGO One Seven LLC now owns 2,433 shares of the construction company's stock worth $314,000 after buying an additional 689 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of D.R. Horton by 42.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company's stock worth $378,628,000 after buying an additional 846,085 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at D.R. Horton

In other news, Chairman David V. Auld sold 30,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the sale, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Buchanan sold 1,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director owned 1,193 shares in the company, valued at $215,622.82. This trade represents a 45.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock worth $5,898,848 over the last quarter. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DHI shares. Royal Bank Of Canada increased their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. UBS Group raised their price objective on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the company an "in-line" rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of D.R. Horton in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $156.54.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $155.26 on Thursday. The business's fifty day moving average price is $167.16 and its two-hundred day moving average price is $141.42. The stock has a market cap of $46.28 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 3.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $195.50.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.D.R. Horton's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.10 EPS. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

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.

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