Hsbc Holdings PLC Sells 51,786 Shares of D.R. Horton, Inc. $DHI

Hsbc Holdings PLC cut its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 9.3% in the 1st quarter, HoldingsChannel reports. The firm owned 506,276 shares of the construction company’s stock after selling 51,786 shares during the period. Hsbc Holdings PLC’s holdings in D.R. Horton were worth $69,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Manhattan CO. LLC. raised its position in shares of D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock valued at $511,000 after buying an additional 70 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in D.R. Horton by 11.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after purchasing an additional 71 shares in the last quarter. AMG National Trust Bank lifted its stake in D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock worth $1,570,000 after purchasing an additional 74 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of D.R. Horton by 2.4% in the 4th quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock worth $480,000 after purchasing an additional 77 shares in the last quarter. Finally, Studio Investment Management LLC increased its position in shares of D.R. Horton by 0.3% during the 4th quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.1%

DHI opened at $149.24 on Monday. D.R. Horton, Inc. has a one year low of $129.22 and a one year high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The business has a 50 day simple moving average of $150.54 and a two-hundred day simple moving average of $150.44. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.09 and a beta of 1.36.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the company earned $2.58 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts predict that D.R. Horton, Inc. will post 10.6 EPS for the current year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group upped their target price on D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Barclays upped their price objective on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. UBS Group raised their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Citigroup boosted their target price 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. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $168.62.

D.R. Horton Company 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.