D.R. Horton (NYSE:DHI) Price Target Lowered to $105.00 at Royal Bank of Canada

D.R. Horton (NYSE:DHI) had its price target dropped by investment analysts at Royal Bank of Canada from $125.00 to $105.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “underperform” rating on the construction company’s stock. Royal Bank of Canada’s price target would suggest a potential downside of 11.93% from the company’s current price.

DHI has been the topic of a number of other reports. Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price objective on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating for the company in a research report on Monday. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Finally, BTIG Research cut their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $154.85.

D.R. Horton Stock Down 1.7 %

Shares of NYSE:DHI traded down $2.02 during trading on Monday, hitting $119.23. 1,817,608 shares of the company were exchanged, compared to its average volume of 3,805,421. The firm’s 50 day moving average price is $126.41 and its 200-day moving average price is $146.67. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $199.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The stock has a market capitalization of $37.57 billion, a P/E ratio of 8.43, a PEG ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the prior year, the company earned $3.52 EPS. On average, research analysts predict that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DHI. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock worth $27,000 after acquiring an additional 82 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $30,000. Rosenberg Matthew Hamilton lifted its stake in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.