D.R. Horton, Inc. (NYSE:DHI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 88.7% in the first quarter, Holdings Channel reports. The institutional investor owned 6,334 shares of the construction company’s stock after selling 49,740 shares during the quarter. SG Americas Securities LLC’s holdings in D.R. Horton were worth $472,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC boosted its holdings in D.R. Horton by 341.8% in the fourth quarter. Penserra Capital Management LLC now owns 58,127 shares of the construction company’s stock worth $6,302,000 after purchasing an additional 44,971 shares during the period. Brinker Capital Investments LLC boosted its holdings in D.R. Horton by 4.9% in the fourth quarter. Brinker Capital Investments LLC now owns 19,488 shares of the construction company’s stock worth $2,113,000 after purchasing an additional 908 shares during the period. MTM Investment Management LLC acquired a new position in D.R. Horton in the fourth quarter worth $291,000. Capital Asset Advisory Services LLC acquired a new position in D.R. Horton in the first quarter worth $209,000. Finally, Inspire Investing LLC acquired a new position in D.R. Horton in the first quarter worth $1,278,000. Institutional investors and hedge funds own 81.27% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $76.35 on Friday. The company has a current ratio of 5.71, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $71.76 and its two-hundred day moving average price is $76.05. D.R. Horton, Inc. has a 52 week low of $59.25 and a 52 week high of $110.45. The stock has a market cap of $26.53 billion, a PE ratio of 4.90, a price-to-earnings-growth ratio of 0.48 and a beta of 1.60.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The construction company reported $4.67 EPS for the quarter, topping the consensus estimate of $4.49 by $0.18. D.R. Horton had a net margin of 17.42% and a return on equity of 33.33%. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.91 billion. During the same period in the previous year, the business earned $3.06 earnings per share. D.R. Horton’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 17.13 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Thursday, August 4th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.18%. The ex-dividend date is Wednesday, August 3rd. D.R. Horton’s dividend payout ratio (DPR) is presently 5.78%.

Insiders Place Their Bets

In other D.R. Horton news, VP Aron M. Odom sold 5,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $77.72, for a total transaction of $388,600.00. Following the sale, the vice president now owns 3,024 shares in the company, valued at approximately $235,025.28. The transaction was disclosed in a filing with the SEC, which is available through this link. In other D.R. Horton news, VP Aron M. Odom sold 5,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $77.72, for a total transaction of $388,600.00. Following the sale, the vice president now owns 3,024 shares in the company, valued at approximately $235,025.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael W. Hewatt sold 1,948 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $67.97, for a total value of $132,405.56. Following the sale, the director now owns 5,067 shares in the company, valued at approximately $344,403.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,948 shares of company stock worth $829,286. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on DHI. Barclays reduced their price target on shares of D.R. Horton from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $103.00 to $89.00 in a report on Wednesday, April 27th. BTIG Research reduced their price target on shares of D.R. Horton from $97.00 to $92.00 in a report on Friday, July 22nd. JMP Securities reduced their price target on shares of D.R. Horton from $120.00 to $95.00 and set a “market outperform” rating for the company in a report on Friday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of D.R. Horton from $82.50 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.14.

About D.R. Horton

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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 31 states and 98 markets under the names of D.R.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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