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

Citizens Financial Group Inc. RI lifted its position in D.R. Horton, Inc. (NYSE:DHI) by 52.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,053 shares of the construction company’s stock after purchasing an additional 702 shares during the period. Citizens Financial Group Inc. RI’s holdings in D.R. Horton were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in D.R. Horton by 7.6% during the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after acquiring an additional 2,474,262 shares in the last quarter. Norges Bank purchased a new position in D.R. Horton during the fourth quarter valued at $516,530,000. Franklin Resources Inc. grew its stake in D.R. Horton by 12.5% during the fourth quarter. Franklin Resources Inc. now owns 2,345,398 shares of the construction company’s stock valued at $356,454,000 after acquiring an additional 260,864 shares in the last quarter. Earnest Partners LLC grew its stake in D.R. Horton by 10.6% during the first quarter. Earnest Partners LLC now owns 2,055,012 shares of the construction company’s stock valued at $338,152,000 after acquiring an additional 196,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in D.R. Horton by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,921,431 shares of the construction company’s stock valued at $292,019,000 after acquiring an additional 32,700 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

D.R. Horton stock opened at $177.56 on Friday. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $185.43. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $57.86 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.71. The firm has a 50-day moving average price of $151.03 and a 200-day moving average price of $150.09.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, beating the consensus estimate of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.61 billion. During the same quarter in the previous year, the business posted $3.90 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 14.04 EPS for the current year.

D.R. Horton declared that its Board of Directors has initiated a share repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

D.R. Horton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, August 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.68%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Insider Activity

In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DHI shares. StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Evercore ISI lifted their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. UBS Group lifted their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group lifted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, Barclays lifted their price objective on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $175.60.

D.R. Horton Company 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.