SG Americas Securities LLC Purchases 126,003 Shares of D.R. Horton, Inc. (NYSE:DHI)

SG Americas Securities LLC increased its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 262.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,987 shares of the construction company's stock after acquiring an additional 126,003 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of D.R. Horton worth $22,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Nemes Rush Group LLC boosted its position in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton in the fourth quarter worth $38,000. Sierra Ocean LLC acquired a new stake in D.R. Horton during the 4th quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in D.R. Horton during the 4th quarter valued at $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Down 2.6%

Shares of DHI traded down $3.25 during mid-day trading on Friday, hitting $122.99. 3,201,222 shares of the company's stock were exchanged, compared to its average volume of 3,056,982. The company has a 50-day simple moving average of $122.20 and a 200 day simple moving average of $132.73. The company has a market cap of $37.78 billion, a PE ratio of 8.69, a P/E/G ratio of 0.54 and a beta of 1.37. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the previous year, the firm posted $3.52 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.30%. D.R. Horton's dividend payout ratio is 12.11%.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of recent analyst reports. Barclays cut their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. BTIG Research dropped their target price on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. JMP Securities cut their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Bank of America cut their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and a consensus price target of $151.15.

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.