Smithbridge Asset Management Inc. DE Lowers Stock Holdings in D.R. Horton, Inc. $DHI

Smithbridge Asset Management Inc. DE decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 52.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,263 shares of the construction company’s stock after selling 3,539 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in D.R. Horton were worth $448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after buying an additional 18,607,545 shares in the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $649,305,000. Capital International Investors purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at approximately $395,179,000. Boston Partners acquired a new position in D.R. Horton in the third quarter valued at approximately $274,784,000. Finally, Viking Global Investors LP grew its position in D.R. Horton by 108.3% in the second quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock worth $364,461,000 after acquiring an additional 1,469,978 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research analyst reports. Citigroup lifted their target price on D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a report on Wednesday, April 22nd. Barclays upped their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Stock Performance

Shares of DHI stock opened at $158.45 on Friday. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $150.99 and a 200 day moving average price of $150.19. The company has a market cap of $44.93 billion, a P/E ratio of 14.85, a PEG ratio of 2.19 and a beta of 1.36. D.R. Horton, Inc. has a 12 month low of $129.11 and a 12 month high of $184.54.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter last year, the company earned $2.58 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 10.61 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio is presently 16.87%.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.