Smead Capital Management Inc. Sells 201,402 Shares of D.R. Horton, Inc. (NYSE:DHI)

Smead Capital Management Inc. reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,602,172 shares of the construction company’s stock after selling 201,402 shares during the quarter. D.R. Horton comprises about 7.1% of Smead Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Smead Capital Management Inc.’s holdings in D.R. Horton were worth $395,478,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Legal Advantage Investments Inc. lifted its stake in shares of D.R. Horton by 2.5% in the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after buying an additional 75 shares during the period. Wealthsource Partners LLC lifted its stake in shares of D.R. Horton by 2.7% in the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after buying an additional 78 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of D.R. Horton by 2.2% in the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after buying an additional 79 shares during the period. FineMark National Bank & Trust lifted its stake in D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after purchasing an additional 80 shares during the period. Finally, Tiemann Investment Advisors LLC lifted its stake in D.R. Horton by 1.6% during the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock worth $585,000 after purchasing an additional 85 shares during the period. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DHI shares. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. JMP Securities raised their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. BTIG Research cut their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday. Raymond James raised their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, The Goldman Sachs Group raised their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Insiders Place Their Bets

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

D.R. Horton Trading Up 0.9 %

DHI traded up $1.24 during trading on Thursday, reaching $146.98. 3,443,095 shares of the company’s stock were exchanged, compared to its average volume of 2,541,857. The company’s fifty day moving average price is $151.94 and its 200-day moving average price is $138.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The firm has a market capitalization of $48.77 billion, a PE ratio of 10.79, a P/E/G ratio of 0.72 and a beta of 1.64.

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

D.R. Horton Dividend Announcement

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

D.R. Horton Company Profile

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.