Hsbc Holdings PLC Reduces Holdings in D.R. Horton, Inc. $DHI

Hsbc Holdings PLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 44.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 558,062 shares of the construction company’s stock after selling 449,974 shares during the period. Hsbc Holdings PLC’s holdings in D.R. Horton were worth $80,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $158.45 on Friday. The stock has a market capitalization of $44.93 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.36. 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 moving average of $150.94 and a 200 day moving average of $150.25. D.R. Horton, Inc. has a 12 month low of $129.11 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. 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 firm earned $2.58 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 10.61 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Barclays upped their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $168.54.

About D.R. Horton

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.