Hsbc Holdings PLC Purchases 279,036 Shares of D.R. Horton, Inc. $DHI

Hsbc Holdings PLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 55.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 785,312 shares of the construction company’s stock after buying an additional 279,036 shares during the period. Hsbc Holdings PLC’s holdings in D.R. Horton were worth $128,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in D.R. Horton during the 2nd quarter valued at approximately $4,067,842,000. Capital World Investors lifted its holdings in shares of D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after buying an additional 6,695,592 shares during the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton in the fourth quarter worth $649,305,000. Bank of New York Mellon Corp bought a new position in D.R. Horton during the second quarter worth $294,292,000. Finally, Legal & General Group Plc bought a new position in D.R. Horton during the second quarter worth $280,664,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

DHI has been the topic of several research analyst reports. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Performance

NYSE DHI opened at $150.91 on Wednesday. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $42.21 billion, a P/E ratio of 14.36, a PEG ratio of 2.36 and a beta of 1.37. The company’s 50-day simple moving average is $151.57 and its 200 day simple moving average is $149.67.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $3.36 earnings per share. As a group, research analysts forecast that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a yield of 1.2%. D.R. Horton’s payout ratio is currently 17.13%.

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.