42,211 Shares in D.R. Horton, Inc. $DHI Purchased by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors purchased 42,211 shares of D.R. Horton worth approximately $6.875 million, while institutional investors collectively own 90.63% of the company.
• D.R. Horton reported quarterly EPS of $3.20, beating estimates of $3.02, with revenue of $9.23 billion versus expectations of $9.10 billion.
• The stock opened at $149.04, and analysts maintain a consensus “Hold” rating with an average price target of $166.92; the company also pays a quarterly dividend of $0.45, yielding about 1.2%.

Sanctuary Advisors LLC bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,211 shares of the construction company's stock, valued at approximately $6,875,000.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors increased its stake in D.R. Horton by 22.1% during the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company's stock worth $5,321,849,000 after buying an additional 6,695,592 shares during the period. BlackRock Inc. purchased a new position in D.R. Horton in the 2nd quarter valued at approximately $4,067,842,000. Capital Research Global Investors grew its stake in shares of D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company's stock worth $669,330,000 after acquiring an additional 13,155 shares in the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton during the fourth quarter worth $649,305,000. Finally, Morgan Stanley raised its stake in shares of D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company's stock valued at $530,711,000 after acquiring an additional 67,578 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 0.5%

D.R. Horton stock opened at $149.04 on Tuesday. D.R. Horton, Inc. has a 1-year low of $131.75 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The stock has a market cap of $41.69 billion, a PE ratio of 14.18, a P/E/G ratio of 2.35 and a beta of 1.37. The stock's fifty day moving average is $151.68 and its two-hundred day moving average is $149.72.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the firm posted $3.36 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts expect that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 6th. D.R. Horton's dividend payout ratio is 17.13%.

Analyst Ratings Changes

DHI has been the subject of several analyst reports. Royal Bank Of Canada reissued a "mixed" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Weiss Ratings raised D.R. Horton from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Citigroup reiterated a "neutral" rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their price objective on D.R. Horton from $170.00 to $155.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 4th. Finally, Barclays upped their target price on shares of D.R. Horton from $140.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $166.92.

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.

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