D.R. Horton, Inc. $DHI Shares Sold by Smead Capital Management Inc.

Smead Capital Management Inc. cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,839,163 shares of the construction company’s stock after selling 140,682 shares during the quarter. D.R. Horton accounts for 6.0% of Smead Capital Management Inc.’s portfolio, making the stock its 2nd biggest holding. Smead Capital Management Inc.’s holdings in D.R. Horton were worth $311,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DHI. Norges Bank bought a new stake in shares of D.R. Horton in the 2nd quarter worth approximately $494,278,000. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton during the second quarter valued at approximately $191,491,000. Viking Global Investors LP raised its stake in shares of D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after purchasing an additional 1,469,978 shares in the last quarter. AQR Capital Management LLC lifted its position in D.R. Horton by 136.4% in the second quarter. AQR Capital Management LLC now owns 1,073,583 shares of the construction company’s stock worth $137,934,000 after purchasing an additional 619,509 shares during the period. Finally, Bessemer Group Inc. boosted its stake in D.R. Horton by 5,063.5% during the third quarter. Bessemer Group Inc. now owns 466,780 shares of the construction company’s stock worth $79,105,000 after buying an additional 457,740 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $164.15 on Friday. The stock has a market capitalization of $47.55 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 2.53 and a beta of 1.44. The firm’s 50-day moving average price is $153.71 and its two-hundred day moving average price is $157.58. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 EPS. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s payout ratio is currently 16.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research report on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $155.00 target price (down previously from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.29.

Insider Activity at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.66% of the company’s stock.

D.R. Horton Profile

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.