D.R. Horton, Inc. $DHI Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lowered its position in D.R. Horton, Inc. (NYSE:DHI) by 35.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,017 shares of the construction company’s stock after selling 5,388 shares during the quarter. 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 hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after acquiring an additional 803 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of D.R. Horton by 295.5% in the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after purchasing an additional 455 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of D.R. Horton in the second quarter worth $302,000. Brown Advisory Inc. increased its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on DHI. Truist Financial boosted 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. Seaport Research Partners reiterated a “neutral” rating on shares of D.R. Horton in a report on Tuesday, April 7th. Wells Fargo & Company raised their price objective on shares of D.R. Horton from $147.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, UBS Group upped their target price on D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Hold” and an average target price of $168.54.

D.R. Horton Price Performance

DHI opened at $148.68 on Tuesday. The firm has a market capitalization of $42.16 billion, a P/E ratio of 13.93, a PEG ratio of 2.12 and a beta of 1.36. The stock has a fifty day moving average of $150.23 and a 200-day moving average of $150.31. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton, Inc. has a 12-month low of $129.11 and a 12-month high of $184.54.

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, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Equities analysts forecast that D.R. Horton, Inc. will post 10.6 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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%.

About D.R. Horton

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.