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It was a generic horn call, A 911 bugle blast to account for all sorts of emergencies.
And the Hobbits had no magic. Absolutely none
The did have magic, but it came from the outside. Old Took had magical cufflinks, gifted by Gandalf. (perhaps the talking horn of buckland was a gift from Gandalf as well! maybe even in Gandalfs voice.)
Bilbo had sting, and Bilbo also gave many presents on his 111st birthday that were obviously magical.
Also, the horn, if magic, could only have been enchanted to alert a static message in emergencies. It need not have been intelligent and recognize specific danger, just to go off when sounded.
It just seems odd, that with all the horn blowing in the books, only one has words associated with it. (why didnt Theoden toot out "forward!!" instead of a generic blast?)
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