D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Ethic Inc.

Ethic Inc. lessened its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,616 shares of the construction company's stock after selling 9,465 shares during the period. Ethic Inc.'s holdings in D.R. Horton were worth $5,819,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nemes Rush Group LLC boosted its position in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the fourth quarter valued at $30,000. Rosenberg Matthew Hamilton boosted its stake in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $38,000. Finally, Sierra Ocean LLC bought a new position in D.R. Horton in the fourth quarter worth about $43,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Bank of America decreased their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JMP Securities cut their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research note on Monday, April 21st. Wedbush restated a "neutral" rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Finally, Wells Fargo & Company decreased their price objective on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Price Performance

DHI stock traded up $4.01 on Monday, reaching $126.04. 3,379,450 shares of the company's stock were exchanged, compared to its average volume of 2,966,987. The stock has a fifty day moving average of $125.26 and a 200-day moving average of $139.83. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The firm has a market cap of $38.72 billion, a PE ratio of 8.91, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter in the prior year, the firm earned $3.52 earnings per share. As a group, equities analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

D.R. Horton Company 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.