D.R. Horton, Inc. $DHI Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in D.R. Horton, Inc. (NYSE:DHI) by 44.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHI. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of D.R. Horton during the fourth quarter worth about $39,000. Tulsa Wealth Advisors INC acquired a new stake in D.R. Horton in the fourth quarter valued at approximately $537,000. Caitong International Asset Management Co. Ltd lifted its stake in D.R. Horton by 467,600.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,677 shares of the construction company’s stock worth $674,000 after acquiring an additional 4,676 shares during the last quarter. Reflection Asset Management acquired a new position in D.R. Horton during the 4th quarter worth approximately $38,000. Finally, Wick Capital Partners LLC purchased a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $213,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Trading Down 1.1%

NYSE DHI opened at $156.08 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The firm has a market cap of $44.26 billion, a PE ratio of 14.63, a P/E/G ratio of 2.21 and a beta of 1.38. D.R. Horton, Inc. has a one year low of $122.83 and a one year high of $184.54. The firm’s fifty day moving average is $148.71 and its two-hundred day moving average is $149.86.

D.R. Horton (NYSE:DHI) last posted 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 company had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same period last year, the firm earned $2.58 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts expect that D.R. Horton, Inc. will post 10.57 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. Stockholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 7th. D.R. Horton’s dividend payout ratio is 16.87%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada increased their target price on D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group raised their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Wells Fargo & Company lifted their price target on D.R. Horton from $147.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $168.54.

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.