Smead Capital Management Inc. Has $311.68 Million Stock Holdings in D.R. Horton, Inc. $DHI

Smead Capital Management Inc. cut its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm 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 largest position. Smead Capital Management Inc. owned about 0.62% of D.R. Horton worth $311,683,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Winnow Wealth LLC purchased a new position in D.R. Horton in the third quarter valued at about $960,000. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton in the 2nd quarter valued at approximately $191,491,000. Trinity Street Asset Management LLP acquired a new position in D.R. Horton in the third quarter worth approximately $25,140,000. Mediolanum International Funds Ltd raised its position in D.R. Horton by 96.6% during the third quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in D.R. Horton by 12.5% in the third quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company’s stock valued at $384,624,000 after acquiring an additional 252,878 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.2%

DHI stock opened at $164.15 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a 50-day moving average of $153.71 and a two-hundred day moving average of $157.58. The stock has a market capitalization of $47.55 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 2.53 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s payout ratio is 16.35%.

Insider Buying and Selling at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,081,870.35. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Citigroup dropped their price target on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock 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. Evercore raised their target price on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Royal Bank Of Canada upped their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $155.00 price objective (down previously from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $160.29.

D.R. Horton Company 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.