Ethic Inc. Sells 9,834 Shares of D.R. Horton, Inc. $DHI

Key Points

• Ethic Inc. reduced its stake in D.R. Horton by 23.6%, owning 31,782 shares valued at approximately $4.05 million after selling 9,834 shares in the first quarter.
• D.R. Horton reported $3.36 EPS for the quarter, exceeding analysts' expectations of $2.90, with a revenue of $9.23 billion, though down 7.4% from the prior year.
• Multiple analysts have increased their price targets for D.R. Horton, with Wells Fargo raising theirs from $160.00 to $175.00 and maintaining an "overweight" rating.

Ethic Inc. cut its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 23.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,782 shares of the construction company's stock after selling 9,834 shares during the quarter. Ethic Inc.'s holdings in D.R. Horton were worth $4,049,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DHI. Bank Pictet & Cie Europe AG increased its position in shares of D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock valued at $44,626,000 after purchasing an additional 5,052 shares during the last quarter. CreativeOne Wealth LLC grew its position in shares of D.R. Horton by 18.6% in the 4th quarter. CreativeOne Wealth LLC now owns 4,621 shares of the construction company's stock valued at $646,000 after buying an additional 725 shares during the last quarter. Gabelli Funds LLC grew its position in shares of D.R. Horton by 64.3% in the 4th quarter. Gabelli Funds LLC now owns 11,500 shares of the construction company's stock valued at $1,608,000 after buying an additional 4,500 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of D.R. Horton in the 4th quarter valued at $381,000. Finally, NewEdge Advisors LLC grew its position in shares of D.R. Horton by 2.7% in the 4th quarter. NewEdge Advisors LLC now owns 16,668 shares of the construction company's stock valued at $2,331,000 after buying an additional 436 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DHI shares. Keefe, Bruyette & Woods increased their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. UBS Group raised their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on shares of D.R. Horton from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $153.23.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director directly owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

DHI stock traded up $8.06 during midday trading on Friday, hitting $169.93. 2,776,311 shares of the company traded hands, compared to its average volume of 3,805,940. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The business has a 50 day simple moving average of $141.38 and a 200-day simple moving average of $130.93. The stock has a market capitalization of $50.66 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 3.46 and a beta of 1.34.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. D.R. Horton's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $4.10 earnings per share. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were paid a $0.40 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 0.9%. D.R. Horton's dividend payout ratio (DPR) is presently 12.83%.

D.R. Horton 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.