Citizens Financial Group Inc. RI Invests $1.76 Million in D.R. Horton, Inc. $DHI

Citizens Financial Group Inc. RI purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 10,792 shares of the construction company’s stock, valued at approximately $1,758,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Buckland Partners Management Co LLC bought a new position in D.R. Horton in the second quarter worth about $326,000. UNIVEST FINANCIAL Corp bought a new position in shares of D.R. Horton during the second quarter valued at approximately $724,000. BlackRock Inc. acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $4,067,842,000. Pallas Capital Advisors LLC bought a new stake in shares of D.R. Horton in the 2nd quarter worth approximately $681,000. Finally, Deutsche Bank AG bought a new stake in shares of D.R. Horton in the 2nd quarter worth approximately $201,077,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. BTIG Research set a $184.00 price objective on D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company cut their target price on D.R. Horton from $170.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 4th. Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research report on Wednesday, July 22nd. Truist Financial increased their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $148.36 on Tuesday. D.R. Horton, Inc. has a 52 week low of $131.75 and a 52 week high of $184.54. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $41.50 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The company’s 50-day moving average price is $152.05 and its two-hundred day moving average price is $149.79.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share 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 analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $3.36 EPS. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 10.47 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

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.