Citizens Financial Group Inc. RI Boosts Stake in D.R. Horton, Inc. (NYSE:DHI)

Key Points

• Citizens Financial Group Inc. RI increased its holdings in D.R. Horton, Inc. by 26.6%, owning 10,953 shares valued at approximately $1.39 million.
• D.R. Horton reported $3.36 earnings per share for the last quarter, exceeding analyst estimates of $2.90, with revenue of $9.23 billion despite a 7.4% year-over-year decline.
• The company announced a quarterly dividend of $0.40 per share, with an annualized yield of 1.0% and a payout ratio of 12.83%.

Citizens Financial Group Inc. RI increased its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 26.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,953 shares of the construction company's stock after buying an additional 2,301 shares during the quarter. Citizens Financial Group Inc. RI's holdings in D.R. Horton were worth $1,392,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Olde Wealth Management LLC bought a new stake in shares of D.R. Horton in the first quarter valued at about $26,000. Bayforest Capital Ltd grew its stake in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after purchasing an additional 194 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in D.R. Horton in the fourth quarter valued at about $43,000. Alpine Bank Wealth Management purchased a new position in D.R. Horton in the first quarter valued at about $61,000. Finally, Continuum Advisory LLC grew its stake in D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company's stock valued at $68,000 after purchasing an additional 100 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Performance

NYSE:DHI traded up $2.46 during mid-day trading on Friday, reaching $156.35. 3,547,007 shares of the stock were exchanged, compared to its average volume of 4,761,154. The company has a 50 day simple moving average of $134.10 and a 200-day simple moving average of $129.61. The stock has a market capitalization of $46.61 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.32 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the business posted $4.10 EPS. The company's revenue was down 7.4% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 7th. D.R. Horton's dividend payout ratio (DPR) is 12.83%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

DHI has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on D.R. Horton from $135.00 to $161.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. JMP Securities dropped their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. UBS Group boosted their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wedbush boosted their price target on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada boosted their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Profile

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.