SG Americas Securities LLC Acquires 36,460 Shares of D.R. Horton, Inc. $DHI

SG Americas Securities LLC lifted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 18.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,807 shares of the construction company’s stock after buying an additional 36,460 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of D.R. Horton worth $32,632,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DHI. Capital World Investors increased its stake in shares of D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock valued at $5,126,995,000 after purchasing an additional 18,607,545 shares in the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton in the 4th quarter worth approximately $649,305,000. Capital International Investors purchased a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $395,179,000. Boston Partners bought a new position in D.R. Horton during the 3rd quarter valued at approximately $274,784,000. Finally, Viking Global Investors LP boosted its holdings in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

DHI opened at $156.36 on Wednesday. The company’s 50 day moving average is $148.99 and its 200 day moving average is $149.80. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $44.34 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.19 and a beta of 1.37. D.R. Horton, Inc. has a 12-month low of $125.04 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period last year, the firm earned $2.58 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Analyst Ratings Changes

A number of research firms have recently commented on DHI. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Barclays increased their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. UBS Group lifted their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $168.54.

D.R. Horton Company 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.