SG Americas Securities LLC Grows Holdings in D.R. Horton, Inc. $DHI

SG Americas Securities LLC boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 18.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 237,807 shares of the construction company’s stock after acquiring an additional 36,460 shares during the period. SG Americas Securities LLC’s holdings in D.R. Horton were worth $32,632,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its holdings in D.R. Horton by 23.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of D.R. Horton during the second quarter worth about $302,000. Brown Advisory Inc. grew its holdings in D.R. Horton by 3.4% during the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after buying an additional 208 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DHI shares. Barclays boosted their price target on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group lifted their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Citigroup increased their price target on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Zacks Research upgraded D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Truist Financial lifted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Up 0.3%

Shares of DHI opened at $156.36 on Wednesday. The firm has a market capitalization of $44.34 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton, Inc. has a 1-year low of $125.04 and a 1-year high of $184.54. The company has a 50-day moving average of $148.99 and a 200 day moving average of $149.80.

D.R. Horton (NYSE:DHI) last issued its 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. The business had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 EPS. On average, research analysts expect that D.R. Horton, Inc. will post 10.57 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

D.R. Horton 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.