Sanctuary Advisors LLC Sells 9,251 Shares of D.R. Horton, Inc. $DHI

Sanctuary Advisors LLC lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,613 shares of the construction company’s stock after selling 9,251 shares during the quarter. Sanctuary Advisors LLC’s holdings in D.R. Horton were worth $6,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. First Manhattan CO. LLC. boosted its position in D.R. Horton by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after buying an additional 70 shares during the period. Deseret Mutual Benefit Administrators increased its position in D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after acquiring an additional 71 shares during the period. AMG National Trust Bank raised its stake in shares of D.R. Horton by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,899 shares of the construction company’s stock valued at $1,570,000 after acquiring an additional 74 shares during the last quarter. AdvisorShares Investments LLC raised its stake in shares of D.R. Horton by 2.4% during the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after acquiring an additional 77 shares during the last quarter. Finally, Studio Investment Management LLC lifted its holdings in shares of D.R. Horton by 0.3% during the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock worth $3,325,000 after purchasing an additional 79 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Down 3.4%

Shares of D.R. Horton stock opened at $149.24 on Friday. The stock’s 50-day moving average is $150.54 and its 200 day moving average is $150.41. D.R. Horton, Inc. has a one year low of $129.22 and a one year high of $184.54. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.09 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the business posted $2.58 EPS. D.R. Horton’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton, Inc. will post 10.6 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is currently 16.87%.

Analyst Ratings Changes

Several brokerages recently weighed in on DHI. Weiss Ratings cut shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. The Goldman Sachs Group increased their price target on D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Truist Financial lifted their price objective on D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Finally, Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $168.62.

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.