Ethic Inc. Has $9.03 Million Stake in D.R. Horton, Inc. $DHI

Ethic Inc. boosted its holdings in D.R. Horton, Inc. (NYSE:DHI) by 23.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,310 shares of the construction company’s stock after buying an additional 10,150 shares during the period. Ethic Inc.’s holdings in D.R. Horton were worth $9,034,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp lifted its stake in shares of D.R. Horton by 0.7% in the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after purchasing an additional 92,219 shares during the period. Norges Bank bought a new stake in D.R. Horton in the second quarter valued at about $494,278,000. Franklin Resources Inc. lifted its stake in D.R. Horton by 16.4% in the second quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company’s stock valued at $412,567,000 after buying an additional 450,362 shares during the period. Invesco Ltd. lifted its stake in D.R. Horton by 13.2% in the second quarter. Invesco Ltd. now owns 2,854,268 shares of the construction company’s stock valued at $367,972,000 after buying an additional 333,846 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in D.R. Horton by 42.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,827,694 shares of the construction company’s stock worth $378,628,000 after buying an additional 846,085 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $145.91 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48. The stock has a 50 day moving average price of $150.34 and a 200 day moving average price of $152.30. The stock has a market capitalization of $42.47 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.74 and a beta of 1.38. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.29 by ($0.25). D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.44 billion. During the same quarter in the prior year, the company earned $3.92 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a $0.45 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. D.R. Horton’s payout ratio is 15.53%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 22nd. Bank of America cut their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Finally, BTIG Research began coverage on D.R. Horton in a research note on Monday, December 1st. They set a “buy” rating and a $186.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $161.08.

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.