SG Americas Securities LLC Purchases 32,791 Shares of D.R. Horton, Inc. (NYSE:DHI)

SG Americas Securities LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 215.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,984 shares of the construction company’s stock after acquiring an additional 32,791 shares during the quarter. SG Americas Securities LLC’s holdings in D.R. Horton were worth $6,709,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TCI Wealth Advisors Inc. increased its holdings in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after buying an additional 58 shares in the last quarter. Covestor Ltd boosted its holdings in shares of D.R. Horton by 6.6% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after acquiring an additional 66 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after acquiring an additional 67 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock valued at $1,649,000 after purchasing an additional 72 shares during the last quarter. Finally, Demars Financial Group LLC lifted its position in D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 1.6 %

NYSE DHI opened at $142.98 on Friday. D.R. Horton, Inc. has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The stock has a market cap of $45.87 billion, a PE ratio of 10.10, a P/E/G ratio of 0.56 and a beta of 1.75. The stock’s 50 day moving average is $150.44 and its 200 day moving average is $168.84.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter in the previous year, the firm earned $2.82 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 13.87 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.12%. D.R. Horton’s payout ratio is currently 11.31%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DHI. BTIG Research lowered their price target on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Evercore ISI lowered their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $174.53.

D.R. Horton 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.