Bryn Mawr Capital Management LLC Takes Position in D.R. Horton, Inc. (NYSE:DHI)

Bryn Mawr Capital Management LLC purchased a new stake in D.R. Horton, Inc. (NYSE:DHI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,700 shares of the construction company’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DAVENPORT & Co LLC lifted its position in shares of D.R. Horton by 4.3% in the third quarter. DAVENPORT & Co LLC now owns 7,442 shares of the construction company’s stock worth $800,000 after purchasing an additional 305 shares in the last quarter. Exchange Traded Concepts LLC raised its position in D.R. Horton by 7,293.3% during the third quarter. Exchange Traded Concepts LLC now owns 3,327 shares of the construction company’s stock worth $358,000 after acquiring an additional 3,282 shares in the last quarter. Oak Thistle LLC bought a new stake in D.R. Horton during the third quarter worth $398,000. Czech National Bank raised its position in D.R. Horton by 44.8% during the third quarter. Czech National Bank now owns 53,215 shares of the construction company’s stock worth $5,719,000 after acquiring an additional 16,472 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in D.R. Horton by 5.0% during the third quarter. Valeo Financial Advisors LLC now owns 2,211 shares of the construction company’s stock worth $238,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays decreased their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Wedbush reiterated an “underperform” rating and issued a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. BTIG Research decreased their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, UBS Group upped their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Trading Up 0.8 %

Shares of D.R. Horton stock opened at $145.33 on Friday. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.64. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month high of $165.75. The firm’s 50-day moving average price is $151.99 and its two-hundred day moving average price is $140.33.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. D.R. Horton’s payout ratio is 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $838,799. The disclosure for this sale can be found here. Insiders have sold 27,560 shares of company stock worth $4,279,636 over the last ninety days. Corporate insiders own 1.74% of the company’s stock.

About D.R. Horton

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.