SG Americas Securities LLC Sells 4,820 Shares of D.R. Horton, Inc. (NYSE:DHI)

SG Americas Securities LLC lessened its position in D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 34.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,999 shares of the construction company’s stock after selling 4,820 shares during the quarter. SG Americas Securities LLC’s holdings in D.R. Horton were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DHI. Fairfield Bush & CO. bought a new position in D.R. Horton in the first quarter valued at $28,000. American Century Companies Inc. grew its stake in shares of D.R. Horton by 13.9% during the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after buying an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of D.R. Horton by 10.7% during the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares during the last quarter. Sei Investments Co. grew its stake in shares of D.R. Horton by 21.1% during the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of D.R. Horton during the first quarter valued at about $560,000. Institutional investors own 84.87% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent research reports. Royal Bank of Canada cut D.R. Horton from a “sector perform” rating to an “underperform” rating and raised their price objective for the company from $68.00 to $76.00 in a research note on Friday, January 13th. JPMorgan Chase & Co. raised their price objective on D.R. Horton from $81.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 22nd. The Goldman Sachs Group raised their price objective on D.R. Horton from $76.00 to $98.00 and gave the company a “neutral” rating in a research note on Thursday, January 12th. BTIG Research increased their target price on shares of D.R. Horton from $90.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, December 6th. Finally, Wedbush dropped their target price on shares of D.R. Horton from $97.00 to $83.00 and set an “outperform” rating for the company in a report on Monday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.54.

Insider Activity at D.R. Horton

In other D.R. Horton news, COO Paul J. Romanowski sold 30,000 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $89.68, for a total value of $2,690,400.00. Following the sale, the chief operating officer now owns 76,185 shares in the company, valued at approximately $6,832,270.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other D.R. Horton news, COO Paul J. Romanowski sold 30,000 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $89.68, for a total value of $2,690,400.00. Following the sale, the chief operating officer now owns 76,185 shares in the company, valued at approximately $6,832,270.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $86.48, for a total transaction of $172,960.00. Following the completion of the sale, the director now owns 1,848 shares in the company, valued at approximately $159,815.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,770 shares of company stock worth $3,011,976. 0.61% of the stock is owned by corporate insiders.

D.R. Horton Trading Up 2.7 %

Shares of D.R. Horton stock opened at $94.48 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.92 and a quick ratio of 1.10. D.R. Horton, Inc. has a 1-year low of $59.25 and a 1-year high of $97.32. The company’s fifty day simple moving average is $88.25 and its 200-day simple moving average is $78.80. The stock has a market capitalization of $32.55 billion, a PE ratio of 5.71, a P/E/G ratio of 1.11 and a beta of 1.49.

D.R. Horton (NYSE:DHI – Get Rating) last released its earnings results on Wednesday, November 9th. The construction company reported $4.67 earnings per share for the quarter, missing analysts’ consensus estimates of $5.06 by ($0.39). D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The firm had revenue of $9.64 billion for the quarter, compared to analysts’ expectations of $9.97 billion. During the same quarter last year, the firm posted $3.70 EPS. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 9.46 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Friday, December 2nd were paid a dividend of $0.25 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. D.R. Horton’s payout ratio is 6.05%.

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 106 markets across 33 states under the names of D.R.