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

Key Points

• Hsbc Holdings PLC increased its D.R. Horton stake by 55.1% in the second quarter, acquiring 279,036 additional shares for a total holding of 785,312 shares valued at approximately $128 million.
• Institutional ownership remains substantial at 90.63%, with several other funds initiating or expanding positions, including BlackRock’s reported $4.07 billion stake.
• D.R. Horton beat quarterly earnings expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue. Analysts’ consensus rating remains “Hold,” with an average price target of $166.92, while the company maintains a $0.45 quarterly dividend.

Hsbc Holdings PLC increased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 55.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 785,312 shares of the construction company's stock after acquiring an additional 279,036 shares during the quarter. Hsbc Holdings PLC owned approximately 0.28% of D.R. Horton worth $128,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Silvant Capital Management LLC acquired a new position in D.R. Horton in the 2nd quarter worth approximately $4,828,000. Johnson Financial Group Inc. purchased a new position in D.R. Horton during the 2nd quarter worth approximately $6,126,000. Vise Technologies Inc. raised its stake in D.R. Horton by 132.9% during the 4th quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company's stock valued at $2,150,000 after purchasing an additional 8,517 shares during the period. BlackRock Inc. purchased a new stake in shares of D.R. Horton in the second quarter valued at $4,067,842,000. Finally, Alpine Woods Capital Investors LLC acquired a new stake in shares of D.R. Horton in the second quarter worth $2,219,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DHI has been the topic of several recent analyst reports. Barclays upped their price target on D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 14th. BTIG Research set a $184.00 target price on D.R. Horton in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $175.00 to $167.00 and set a "market perform" rating for the company in a report on Wednesday, July 22nd. Royal Bank Of Canada reaffirmed a "mixed" rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Zelman & Associates upgraded shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $166.92.

D.R. Horton Stock Up 1.3%

Shares of D.R. Horton stock opened at $150.91 on Wednesday. The firm has a market cap of $42.21 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 2.36 and a beta of 1.37. The stock has a 50-day simple moving average of $151.57 and a 200-day simple moving average of $149.67. D.R. Horton, Inc. has a 52-week low of $131.75 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $3.36 earnings per share. On average, equities research analysts expect that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

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.

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