D.R. Horton, Inc. (NYSE:DHI) Holdings Lifted by Smead Capital Management Inc.

Smead Capital Management Inc. raised its stake in D.R. Horton, Inc. (NYSE:DHI) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 2,516,673 shares of the construction company’s stock after buying an additional 84,835 shares during the period. D.R. Horton makes up approximately 6.8% of Smead Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Smead Capital Management Inc.’s holdings in D.R. Horton were worth $480,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. TCI Wealth Advisors Inc. boosted its stake in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares during the last quarter. Premier Path Wealth Partners LLC boosted its stake in D.R. Horton by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after acquiring an additional 59 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in D.R. Horton by 1.2% in the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after acquiring an additional 60 shares during the last quarter. Whittier Trust Co. boosted its stake in D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after acquiring an additional 63 shares during the last quarter. Finally, Values First Advisors Inc. boosted its stake in D.R. Horton by 0.7% in the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 66 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays dropped their target price on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company dropped their price target on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI dropped their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. BTIG Research dropped their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, UBS Group decreased their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $161.45 on Tuesday. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The stock has a market capitalization of $52.61 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.58 and a beta of 1.74. The company has a fifty day moving average of $181.88 and a 200-day moving average of $167.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the company posted $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts expect that D.R. Horton, Inc. will post 14.54 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is presently 11.14%.

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.