Hsbc Holdings PLC Sells 69,215 Shares of D.R. Horton, Inc. $DHI

Key Points

• Hsbc Holdings PLC has decreased its holdings in D.R. Horton by 6.1%, selling 69,215 shares and now owning a total of 1,067,505 shares valued at approximately $135.6 million.
• In recent trading, D.R. Horton reported an EPS of $3.36 for the quarter, exceeding analyst expectations by $0.46, but revenue fell 7.4% year-over-year to $9.23 billion.
• The company declared a quarterly dividend of $0.40 per share, continuing a 1.0% dividend yield with a low payout ratio of 12.83%.

Hsbc Holdings PLC lowered its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 6.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,067,505 shares of the construction company's stock after selling 69,215 shares during the quarter. Hsbc Holdings PLC owned 0.35% of D.R. Horton worth $135,602,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Edgestream Partners L.P. boosted its holdings in D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company's stock valued at $13,678,000 after acquiring an additional 101,643 shares during the period. MQS Management LLC purchased a new position in D.R. Horton during the 1st quarter valued at $1,132,000. Leavell Investment Management Inc. boosted its holdings in D.R. Horton by 19.8% during the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company's stock valued at $423,000 after acquiring an additional 549 shares during the period. Exchange Traded Concepts LLC boosted its holdings in D.R. Horton by 25.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock valued at $325,000 after acquiring an additional 511 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its holdings in D.R. Horton by 1.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after acquiring an additional 5,052 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Trading Up 1.7%

DHI opened at $167.9380 on Wednesday. The firm has a market cap of $50.07 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 3.50 and a beta of 1.34. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $199.85. The stock has a fifty day moving average price of $139.91 and a 200-day moving average price of $130.54.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the company posted $4.10 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. D.R. Horton's payout ratio is presently 12.83%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DHI. Keefe, Bruyette & Woods boosted their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Royal Bank Of Canada upped their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wedbush upped their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. UBS Group upped their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $153.23.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company's stock.

About D.R. Horton

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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