Royal Bank of Canada Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its target price dropped by Royal Bank of Canada from $125.00 to $105.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “underperform” rating on the construction company’s stock. Royal Bank of Canada’s target price points to a potential downside of 11.93% from the company’s previous close.

DHI has been the topic of several other research reports. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their target price on D.R. Horton from $132.00 to $111.00 and set an “underweight” rating on the stock in a research report on Monday. Barclays lowered their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday. Citigroup cut their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $154.85.

D.R. Horton Price Performance

Shares of DHI stock traded down $2.02 during trading hours on Monday, reaching $119.23. The company had a trading volume of 1,817,608 shares, compared to its average volume of 3,805,421. 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 quick ratio of 1.09 and a current ratio of 6.92. The company has a market capitalization of $37.57 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 0.54 and a beta of 1.61. The stock has a fifty day moving average of $126.41 and a 200-day moving average of $146.67.

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

Institutional Investors Weigh In On D.R. Horton

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