Citizens Financial Group Inc. RI Has $1.38 Million Stock Position in D.R. Horton, Inc. $DHI

Citizens Financial Group Inc. RI decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 35.0% during the 1st quarter, HoldingsChannel reports. The fund owned 10,017 shares of the construction company’s stock after selling 5,388 shares during the period. Citizens Financial Group Inc. RI’s holdings in D.R. Horton were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of D.R. Horton by 81.3% during the first quarter. Fifth Third Bancorp now owns 92,259 shares of the construction company’s stock valued at $12,660,000 after purchasing an additional 41,365 shares during the period. Simplicity Wealth LLC bought a new position in D.R. Horton in the first quarter worth $204,000. Candriam S.C.A. boosted its stake in D.R. Horton by 101.4% during the first quarter. Candriam S.C.A. now owns 32,232 shares of the construction company’s stock worth $4,423,000 after buying an additional 16,225 shares in the last quarter. Fulcrum Capital LLC boosted its stake in D.R. Horton by 1.1% during the first quarter. Fulcrum Capital LLC now owns 46,807 shares of the construction company’s stock worth $6,423,000 after buying an additional 502 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in D.R. Horton in the 1st quarter valued at $404,000. Institutional investors own 90.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DHI. Truist Financial increased their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Weiss Ratings downgraded D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Barclays upped their price target on D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $168.54.

D.R. Horton Stock Performance

D.R. Horton stock opened at $148.68 on Tuesday. The company has a market cap of $42.16 billion, a PE ratio of 13.93, a PEG ratio of 2.12 and a beta of 1.36. The company has a current ratio of 6.46, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 1 year low of $129.11 and a 1 year high of $184.54. The company’s 50-day moving average is $150.23 and its two-hundred day moving average is $150.31.

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

D.R. Horton Dividend Announcement

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

D.R. Horton Company Profile

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.