Sanctuary Advisors LLC Purchases New Position in D.R. Horton, Inc. $DHI

Sanctuary Advisors LLC acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, Holdings Channel reports. The fund acquired 42,211 shares of the construction company’s stock, valued at approximately $6,875,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of D.R. Horton in the 2nd quarter valued at about $24,147,000. Bank of Nova Scotia acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at about $10,354,000. Kendall Capital Management purchased a new position in D.R. Horton during the 2nd quarter worth approximately $289,000. Compass Financial Management LLC purchased a new position in D.R. Horton during the 2nd quarter worth approximately $31,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in D.R. Horton during the second quarter worth approximately $3,920,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Up 0.5%

Shares of DHI stock opened at $149.04 on Tuesday. The business’s 50 day moving average is $151.68 and its two-hundred day moving average is $149.72. D.R. Horton, Inc. has a twelve month low of $131.75 and a twelve month high of $184.54. The company has a market capitalization of $41.69 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 2.35 and a beta of 1.37. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 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 quarter in the prior year, the business earned $3.36 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts forecast that D.R. Horton, Inc. will post 10.47 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. D.R. Horton’s dividend payout ratio is presently 17.13%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. BTIG Research set a $184.00 price objective on shares of D.R. Horton in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.