Fideuram Asset Management Ireland dac Makes New $14.65 Million Investment in D.R. Horton, Inc. $DHI

Fideuram Asset Management Ireland dac acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 101,704 shares of the construction company’s stock, valued at approximately $14,648,000. D.R. Horton comprises about 1.1% of Fideuram Asset Management Ireland dac’s holdings, making the stock its 18th biggest holding.

A number of other large investors have also added to or reduced their stakes in DHI. Integrated Wealth Concepts LLC increased its position in shares of D.R. Horton by 23.4% in the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares during the period. Geneos Wealth Management Inc. increased its position in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares during the period. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the second quarter worth $302,000. Brown Advisory Inc. increased its position in shares of D.R. Horton by 3.4% in the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC increased its position in shares of D.R. Horton by 8.9% in the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock worth $4,503,000 after purchasing an additional 2,859 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research note on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. UBS Group raised their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Citigroup raised their price objective on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Price Performance

Shares of DHI opened at $146.85 on Friday. D.R. Horton, Inc. has a 12-month low of $114.17 and a 12-month high of $184.54. The business has a 50-day simple moving average of $144.33 and a two-hundred day simple moving average of $149.47. 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 stock has a market cap of $41.64 billion, a PE ratio of 13.76, a PEG ratio of 2.07 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 firm had revenue of $7.56 billion for 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 business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $2.58 earnings per share. Analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued 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 16.87%.

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.