Ethic Inc. Has $8.67 Million Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Ethic Inc. boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,023 shares of the construction company’s stock after purchasing an additional 4,305 shares during the quarter. Ethic Inc.’s holdings in D.R. Horton were worth $8,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. bought a new stake in D.R. Horton in the 4th quarter valued at $38,000. Private Wealth Management Group LLC bought a new stake in D.R. Horton in the fourth quarter valued at about $42,000. Silver Oak Securities Incorporated acquired a new position in D.R. Horton in the third quarter worth about $43,000. Friedenthal Financial acquired a new position in D.R. Horton in the fourth quarter worth about $47,000. Finally, AdvisorNet Financial Inc lifted its stake in D.R. Horton by 81.8% during the fourth quarter. AdvisorNet Financial Inc now owns 360 shares of the construction company’s stock worth $55,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.8 %

Shares of DHI stock traded down $2.51 on Tuesday, hitting $139.71. 528,281 shares of the stock were exchanged, compared to its average volume of 2,466,818. The firm has a market capitalization of $46.01 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.70 and a beta of 1.68. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The business has a 50-day moving average of $147.92 and a 200 day moving average of $147.75. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter last year, the firm posted $2.73 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.86%. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Insider Activity

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,812 shares of company stock valued at $4,330,617. 1.74% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on DHI shares. Royal Bank of Canada decreased their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a report on Friday, April 19th. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. BTIG Research reduced their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. UBS Group upped their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Jefferies Financial Group raised their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.31.

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.