Ethic Inc. Acquires 10,150 Shares of D.R. Horton, Inc. $DHI

Ethic Inc. grew its holdings in D.R. Horton, Inc. (NYSE:DHI) by 23.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in D.R. Horton during the 2nd quarter valued at $29,000. Bayforest Capital Ltd raised its position in shares of D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after purchasing an additional 194 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after buying an additional 319 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of D.R. Horton during the 1st quarter worth about $51,000. Finally, Adirondack Trust Co. grew its stake in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.3%

Shares of NYSE DHI opened at $145.91 on Tuesday. The stock has a market capitalization of $42.47 billion, a P/E ratio of 12.59, a PEG ratio of 1.74 and a beta of 1.38. The stock’s fifty day moving average is $150.34 and its 200 day moving average is $152.30. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 6.48.

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

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.45 per share. This is an increase 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 presently 15.53%.

Analyst Ratings Changes

Several brokerages have issued reports on DHI. UBS Group raised their price objective on shares of D.R. Horton from $187.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada lifted their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Bank of America reduced their price target on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $161.08.

About D.R. Horton

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.