Citizens Financial Group Inc. RI Invests $205,000 in D.R. Horton, Inc. (NYSE:DHI)

Citizens Financial Group Inc. RI acquired a new stake in D.R. Horton, Inc. (NYSE:DHI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,351 shares of the construction company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal Advantage Investments Inc. raised its position in shares of D.R. Horton by 2.5% in the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after purchasing an additional 75 shares during the period. Wealthsource Partners LLC lifted its position in shares of D.R. Horton by 2.7% during the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after acquiring an additional 78 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of D.R. Horton by 2.2% in the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after purchasing an additional 79 shares in the last quarter. FineMark National Bank & Trust grew its position in shares of D.R. Horton by 2.0% in the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after purchasing an additional 80 shares in the last quarter. Finally, Tiemann Investment Advisors LLC lifted its holdings in D.R. Horton by 1.6% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock worth $585,000 after purchasing an additional 85 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The disclosure for this sale can be found here. Insiders sold 25,812 shares of company stock worth $4,029,217 over the last three months. Company insiders own 1.74% of the company’s stock.

D.R. Horton Price Performance

Shares of DHI stock opened at $145.98 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a market cap of $48.07 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.72 and a beta of 1.64. The business’s 50 day moving average price is $152.09 and its 200-day moving average price is $140.86. D.R. Horton, Inc. has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter in the previous year, the business posted $2.73 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 14.31 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is currently 8.17%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. BTIG Research lowered their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. JMP Securities upped their target price on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. Jefferies Financial Group boosted their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Bank of America lowered their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and an average price target of $158.06.

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.