Smead Capital Management Inc. Sells 119,238 Shares of D.R. Horton, Inc. $DHI

Smead Capital Management Inc. trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,719,925 shares of the construction company’s stock after selling 119,238 shares during the period. D.R. Horton makes up approximately 5.1% of Smead Capital Management Inc.’s investment portfolio, making the stock its 7th largest position. Smead Capital Management Inc. owned about 0.59% of D.R. Horton worth $247,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DHI. Capital World Investors grew its stake in D.R. Horton by 159.8% during the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Capital International Investors bought a new position in shares of D.R. Horton in the third quarter worth about $395,179,000. Boston Partners bought a new position in shares of D.R. Horton in the third quarter worth about $274,784,000. Viking Global Investors LP lifted its holdings 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 worth $364,461,000 after acquiring an additional 1,469,978 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of D.R. Horton by 769.3% in the third quarter. TD Asset Management Inc now owns 893,226 shares of the construction company’s stock worth $151,375,000 after acquiring an additional 790,475 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.2%

NYSE:DHI opened at $143.88 on Friday. The firm’s 50 day simple moving average is $143.93 and its 200 day simple moving average is $149.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. D.R. Horton, Inc. has a one year low of $114.17 and a one year high of $184.54. The company has a market cap of $40.80 billion, a PE ratio of 13.48, a P/E/G ratio of 2.01 and a beta of 1.41.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period last year, the company earned $2.58 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts anticipate that D.R. Horton, Inc. will post 10.57 earnings per share for the current year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. UBS Group increased their target price on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada increased their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $168.54.

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.