Mediolanum International Funds Ltd Grows Stake in D.R. Horton, Inc. $DHI

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

Several other large investors have also bought and sold shares of DHI. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton during the third quarter valued at approximately $26,000. Steigerwald Gordon & Koch Inc. bought a new position in D.R. Horton in the 3rd quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in D.R. Horton during the 2nd quarter valued at $29,000. Westfuller Advisors LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth $34,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth $40,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 1.1%

DHI stock opened at $148.82 on Friday. The business’s 50-day moving average price is $152.19 and its 200-day moving average price is $155.78. The stock 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. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54.

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

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $195.00 target price on shares of D.R. Horton in a research report on Tuesday, January 13th. UBS Group set a $163.00 price target on shares of D.R. Horton in a research note on Tuesday. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 21st. Bank of America cut their target price on shares of D.R. Horton from $162.00 to $158.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Finally, Argus boosted their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.50.

D.R. Horton 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.