Smead Capital Management Inc. Sells 213,245 Shares of D.R. Horton, Inc. $DHI

Key Points

• Smead Capital Management Inc. reduced its stake in D.R. Horton, Inc. by 8.7% during the 1st quarter, selling 213,245 shares and retaining ownership of 2,243,666 shares valued at approximately $285 million.
• Several institutional investors have recently made moves regarding D.R. Horton, including new positions from Olde Wealth Management LLC and substantial stake increases by Bayforest Capital Ltd.
• The company recently reported earnings per share (EPS) of $3.36, exceeding estimates, while also disclosing a quarterly dividend of $0.40 per share, reflecting a yield of 0.9%.

Smead Capital Management Inc. cut its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,243,666 shares of the construction company's stock after selling 213,245 shares during the period. D.R. Horton makes up 4.9% of Smead Capital Management Inc.'s investment portfolio, making the stock its 7th largest position. Smead Capital Management Inc. owned about 0.73% of D.R. Horton worth $285,237,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DHI. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of D.R. Horton by 1.2% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 64,205 shares of the construction company's stock worth $8,162,000 after purchasing an additional 736 shares during the period. Bayview Asset Management LLC purchased a new position in D.R. Horton in the first quarter valued at approximately $1,321,000. Ieq Capital LLC lifted its position in D.R. Horton by 15.8% during the first quarter. Ieq Capital LLC now owns 6,763 shares of the construction company's stock valued at $860,000 after buying an additional 923 shares in the last quarter. CreativeOne Wealth LLC grew its stake in D.R. Horton by 128.7% during the first quarter. CreativeOne Wealth LLC now owns 10,569 shares of the construction company's stock worth $1,344,000 after buying an additional 5,948 shares during the period. Finally, TCM Advisors LLC increased its position in shares of D.R. Horton by 13.2% in the first quarter. TCM Advisors LLC now owns 6,000 shares of the construction company's stock worth $763,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Stock Up 0.5%

Shares of DHI traded up $0.77 during trading on Tuesday, reaching $170.25. The company's stock had a trading volume of 2,546,337 shares, compared to its average volume of 3,795,855. The company has a market cap of $50.76 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 3.60 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $147.83 and a two-hundred day moving average of $132.71. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of D.R. Horton from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Tuesday. Wall Street Zen upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wedbush increased their target price on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an "underperform" rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $154.38.

D.R. Horton 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.