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

Smead Capital Management Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,602,172 shares of the construction company's stock after selling 201,402 shares during the period. D.R. Horton makes up about 7.1% of Smead Capital Management Inc.'s investment portfolio, making the stock its 2nd largest holding. Smead Capital Management Inc. owned about 0.78% of D.R. Horton worth $395,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in D.R. Horton in the fourth quarter worth approximately $38,000. Mascoma Wealth Management LLC increased its holdings in shares of D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company's stock valued at $33,000 after buying an additional 235 shares in the last quarter. BluePath Capital Management LLC bought a new position in shares of D.R. Horton in the third quarter valued at $33,000. Friedenthal Financial bought a new position in shares of D.R. Horton in the fourth quarter valued at $47,000. Finally, Clear Street Markets LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at $28,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Trading Up 0.1 %

D.R. Horton stock traded up $0.17 during trading hours on Thursday, reaching $145.91. The stock had a trading volume of 5,502,571 shares, compared to its average volume of 2,570,038. The stock has a market cap of $48.42 billion, a PE ratio of 10.79, a PEG ratio of 0.72 and a beta of 1.64. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The company has a fifty day simple moving average of $151.94 and a 200-day simple moving average of $138.37.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts' consensus estimates of $3.09 by $0.43. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. 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 firm posted $2.73 EPS. Analysts forecast that D.R. Horton, Inc. will post 14.24 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given 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 (DPR) is currently 8.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Raymond James upped their price target on D.R. Horton from $140.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $175.00 to $172.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 24th. Citigroup boosted their target price on shares of D.R. Horton from $166.00 to $191.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Wedbush reissued an "underperform" rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday. Finally, Seaport Res Ptn downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company's stock, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company's stock, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of the business's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock valued at $4,225,745 in the last three months. 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.