Hsbc Holdings PLC Boosts Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Hsbc Holdings PLC increased its stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,720 shares of the construction company's stock after purchasing an additional 288,605 shares during the quarter. Hsbc Holdings PLC owned 0.36% of D.R. Horton worth $159,031,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Nemes Rush Group LLC increased its stake in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of D.R. Horton during the fourth quarter worth $38,000. Finally, Sierra Ocean LLC purchased a new position in D.R. Horton in the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DHI. JMP Securities dropped their price objective on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday. Royal Bank of Canada cut their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a report on Monday. The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. BTIG Research cut their price target on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research note 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. Finally, Wedbush restated a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Price Performance

D.R. Horton stock opened at $124.80 on Wednesday. The business has a 50 day simple moving average of $126.18 and a 200-day simple moving average of $146.07. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month 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. The stock has a market capitalization of $39.33 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

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

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be issued a $0.40 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. D.R. Horton's dividend payout ratio is currently 12.11%.

D.R. Horton 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.

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