Citizens Financial Group Inc. RI Buys New Stake in D.R. Horton, Inc. $DHI

Citizens Financial Group Inc. RI bought a new stake in shares of D.R. Horton, Inc. (NYSE:DHIFree Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,792 shares of the construction company’s stock, valued at approximately $1,758,000.

A number of other institutional investors also recently made changes to their positions in the stock. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $26,000. Elevated Capital Advisors LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $27,000. Wilkerson Advisory Group LLC purchased a new position in D.R. Horton in the 4th quarter valued at about $30,000. Finally, First Horizon Corp boosted its stake in shares of D.R. Horton by 81.3% during the 4th quarter. First Horizon Corp now owns 223 shares of the construction company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DHI has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Citigroup restated a “neutral” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Truist Financial upped their target price on D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average price target of $166.92.

View Our Latest Analysis on DHI

D.R. Horton Price Performance

DHI stock opened at $148.36 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton, Inc. has a 1 year low of $131.75 and a 1 year high of $184.54. The firm has a market cap of $41.50 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The stock has a 50-day simple moving average of $152.05 and a 200-day simple moving average of $149.79.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company earned $3.36 earnings per share. On average, equities analysts predict that D.R. Horton, Inc. will post 10.47 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

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

About D.R. Horton

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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