D.R. Horton, Inc. (NYSE:DHI) Stock Holdings Lessened by SG Americas Securities LLC

SG Americas Securities LLC cut its position in D.R. Horton, Inc. (NYSE:DHI) by 67.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,193 shares of the construction company’s stock after selling 31,080 shares during the quarter. SG Americas Securities LLC’s holdings in D.R. Horton were worth $2,898,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC bought a new stake in shares of D.R. Horton during the 1st quarter worth about $1,249,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of D.R. Horton by 85.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,167 shares of the construction company’s stock worth $5,787,000 after buying an additional 16,252 shares during the last quarter. Alaska Permanent Fund Corp lifted its stake in shares of D.R. Horton by 312.0% in the first quarter. Alaska Permanent Fund Corp now owns 11,755 shares of the construction company’s stock worth $1,934,000 after buying an additional 8,902 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of D.R. Horton by 107.6% in the first quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after buying an additional 7,699 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of D.R. Horton by 92.3% in the first quarter. Canada Pension Plan Investment Board now owns 415,968 shares of the construction company’s stock worth $68,448,000 after buying an additional 199,668 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DHI shares. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $181.00 to $156.00 in a report on Tuesday, July 2nd. Wells Fargo & Company boosted their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Bank of America upped their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Evercore ISI upped their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $183.33.

D.R. Horton Stock Performance

D.R. Horton stock opened at $185.16 on Tuesday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1 year low of $100.08 and a 1 year high of $199.85. The company has a market cap of $60.98 billion, a PE ratio of 12.60, a PEG ratio of 0.89 and a beta of 1.72. The company’s 50-day moving average is $184.83 and its two-hundred day moving average is $162.00.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.61 billion. During the same period last year, the company posted $3.90 EPS. D.R. Horton’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, August 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. D.R. Horton’s payout ratio is 8.17%.

D.R. Horton declared that its Board of Directors has authorized a stock repurchase program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

D.R. Horton Company Profile

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.