D.R. Horton, Inc. (NYSE:DHI) is Smead Capital Management Inc.'s 2nd Largest Position

Smead Capital Management Inc. boosted its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,516,673 shares of the construction company's stock after buying an additional 84,835 shares during the quarter. D.R. Horton makes up approximately 6.8% of Smead Capital Management Inc.'s portfolio, making the stock its 2nd biggest position. Smead Capital Management Inc. owned about 0.77% of D.R. Horton worth $480,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. 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 worth $284,000 after buying an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company's stock valued at $872,000 after purchasing an additional 59 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of D.R. Horton by 1.2% during the second quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company's stock valued at $739,000 after purchasing an additional 60 shares during the period. Whittier Trust Co. boosted its stake in shares of D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company's stock valued at $520,000 after purchasing an additional 63 shares during the period. Finally, Values First Advisors Inc. boosted its stake in shares of D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company's stock valued at $1,251,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Stock Up 0.5 %

DHI traded up $0.83 during trading on Tuesday, reaching $162.28. The stock had a trading volume of 2,257,555 shares, compared to its average volume of 2,514,032. D.R. Horton, Inc. has a one year low of $125.28 and a one year high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average is $181.37 and its two-hundred day moving average is $167.32. The company has a market capitalization of $52.88 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 0.58 and a beta of 1.74.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 EPS. As a group, analysts expect that D.R. Horton, Inc. will post 14.54 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, November 12th. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DHI. Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, Raymond James downgraded D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $185.87.

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.