Bryn Mawr Capital Management LLC Has $155,000 Stock Position in D.R. Horton, Inc. (NYSE:DHI)

Bryn Mawr Capital Management LLC reduced its holdings in D.R. Horton, Inc. (NYSE:DHI) by 59.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,106 shares of the construction company’s stock after selling 1,641 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in D.R. Horton were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DHI. Private Advisor Group LLC boosted its stake in shares of D.R. Horton by 1.7% in the 3rd quarter. Private Advisor Group LLC now owns 25,060 shares of the construction company’s stock valued at $4,781,000 after purchasing an additional 409 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter valued at $15,285,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of D.R. Horton by 23.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,015 shares of the construction company’s stock valued at $766,000 after purchasing an additional 768 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of D.R. Horton in the 3rd quarter valued at $247,000. Finally, Silver Oak Securities Incorporated boosted its stake in shares of D.R. Horton by 1,194.0% in the 3rd quarter. Silver Oak Securities Incorporated now owns 4,322 shares of the construction company’s stock valued at $823,000 after purchasing an additional 3,988 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the topic of a number of analyst reports. Evercore ISI reduced their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wedbush reissued a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. JMP Securities reissued a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Bank of America lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $160.00 to $150.00 in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Down 2.1 %

D.R. Horton stock opened at $125.92 on Friday. D.R. Horton, Inc. has a 1-year low of $124.23 and a 1-year high of $199.85. The firm has a market capitalization of $39.68 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The firm’s fifty day moving average price is $138.94 and its two-hundred day moving average price is $164.38. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the firm earned $2.82 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.27%. D.R. Horton’s dividend payout ratio is currently 11.31%.

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.