D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Smead Capital Management Inc.

Smead Capital Management Inc. reduced its position in D.R. Horton, Inc. (NYSE:DHI) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,602,172 shares of the construction company’s stock after selling 201,402 shares during the quarter. D.R. Horton makes up approximately 7.1% of Smead Capital Management Inc.’s portfolio, making the stock its 2nd biggest position. Smead Capital Management Inc. owned 0.78% of D.R. Horton worth $395,478,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DHI. Fairfield Bush & CO. acquired a new position in D.R. Horton in the 1st quarter valued at about $28,000. American Century Companies Inc. boosted its stake in shares of D.R. Horton by 13.9% in the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after buying an additional 2,771 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of D.R. Horton by 10.7% in the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares during the period. Sei Investments Co. boosted its stake in shares of D.R. Horton by 21.1% in the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares during the period. Finally, Prudential PLC purchased a new position in shares of D.R. Horton in the 1st quarter valued at about $560,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Performance

DHI traded up $1.24 during trading on Thursday, hitting $146.98. 3,443,095 shares of the stock were exchanged, compared to its average volume of 2,541,857. The firm has a market capitalization of $48.77 billion, a P/E ratio of 10.79, a PEG ratio of 0.72 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $151.94 and a two-hundred day moving average price of $138.37. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.43. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.73 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 14.24 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. D.R. Horton’s payout ratio is currently 8.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DHI shares. The Goldman Sachs Group lifted their price objective on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. BTIG Research decreased their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Citigroup boosted their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Insider Activity

In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,197 shares of company stock valued at $4,225,745. Company insiders own 1.74% of the company’s stock.

About D.R. Horton

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.