Sanctuary Advisors LLC Sells 18,829 Shares of D.R. Horton, Inc. (NYSE:DHI)

Sanctuary Advisors LLC trimmed its holdings in D.R. Horton, Inc. (NYSE:DHI) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 114,942 shares of the construction company’s stock after selling 18,829 shares during the quarter. Sanctuary Advisors LLC’s holdings in D.R. Horton were worth $16,774,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DHI. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton in the third quarter worth approximately $1,853,178,000. FMR LLC boosted its holdings in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC grew its position in D.R. Horton by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. raised its stake in D.R. Horton by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after buying an additional 84,835 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock valued at $339,174,000 after buying an additional 120,892 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Price Performance

NYSE:DHI opened at $130.63 on Tuesday. The stock has a market cap of $41.16 billion, a PE ratio of 9.23, a P/E/G ratio of 0.58 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The business’s 50-day simple moving average is $141.56 and its two-hundred day simple moving average is $165.91. D.R. Horton, Inc. has a 52 week low of $125.84 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the firm earned $2.82 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.22%. D.R. Horton’s payout ratio is 11.31%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on DHI. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Evercore ISI reduced their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Bank of America downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $160.00 to $150.00 in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $170.93.

About D.R. Horton

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.