SG Americas Securities LLC Raises Holdings in D.R. Horton, Inc. (NYSE:DHI)

SG Americas Securities LLC increased its position in D.R. Horton, Inc. (NYSE:DHI) by 215.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton in the third quarter worth about $26,000. Rakuten Securities Inc. boosted its holdings in D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the period. Wolff Wiese Magana LLC grew its stake in D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares in the last quarter. Grove Bank & Trust raised its holdings in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of D.R. Horton during the third quarter worth $47,000. 90.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

D.R. Horton Price Performance

DHI stock opened at $142.98 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85. The firm has a 50-day moving average of $150.44 and a 200 day moving average of $168.84. The company has a market cap of $45.87 billion, a P/E ratio of 10.10, a PEG ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 13.87 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHI. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Royal Bank of Canada reiterated an “underperform” rating and issued a $125.00 target price on shares of D.R. Horton in a research note on Wednesday. BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.53.

About D.R. Horton

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.