D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by Hsbc Holdings PLC

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

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

D.R. Horton Stock Down 0.2 %

Shares of NYSE:DHI traded down $0.30 during trading on Monday, reaching $124.26. The stock had a trading volume of 611,642 shares, compared to its average volume of 2,940,470. The company has a market capitalization of $38.17 billion, a P/E ratio of 8.76, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm's 50-day simple moving average is $125.87 and its 200 day simple moving average is $144.55.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share 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 business had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the firm earned $3.52 earnings per share. As a group, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Analysts Set New Price Targets

Several research analysts have commented on DHI shares. Barclays dropped their price objective on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. UBS Group dropped their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. JMP Securities reduced their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, StockNews.com downgraded D.R. Horton from a "hold" rating to a "sell" rating in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $151.15.

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.