D.R. Horton (NYSE:DHI) Stock Price Target Lowered at Royal Bank Of Canada

D.R. Horton (NYSE:DHI) had its price objective decreased by research analysts at Royal Bank Of Canada from $125.00 to $119.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “underperform” rating on the construction company’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 14.41% from the stock’s previous close.

A number of other research firms have also commented on DHI. Wells Fargo & Company dropped their price target on D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 7th. BTIG Research reissued a “buy” rating and set a $174.00 target price on shares of D.R. Horton in a research note on Tuesday, September 22nd. Weiss Ratings downgraded shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Finally, Melius Research began coverage on shares of D.R. Horton in a report on Tuesday, October 6th. They issued a “sell” rating and a $128.00 price target for the company. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $158.36.

D.R. Horton Trading Up 4.0%

DHI traded up $5.40 during midday trading on Thursday, reaching $139.04. 1,003,510 shares of the company were exchanged, compared to its average volume of 2,690,742. The stock has a market capitalization of $38.89 billion, a P/E ratio of 13.21, a PEG ratio of 2.10 and a beta of 1.35. The stock’s 50-day simple moving average is $141.93 and its 200 day simple moving average is $146.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton has a one year low of $130.40 and a one year high of $170.79.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm earned $3.36 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. As a group, analysts forecast that D.R. Horton will post 10.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in D.R. Horton by 27.9% during the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock worth $48,000 after acquiring an additional 72 shares during the last quarter. William Allan Corp grew its holdings in D.R. Horton by 0.3% in the 3rd quarter. William Allan Corp now owns 27,548 shares of the construction company’s stock valued at $3,764,000 after buying an additional 77 shares in the last quarter. Values First Advisors Inc. increased its position in D.R. Horton by 1.6% during the first quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company’s stock worth $707,000 after acquiring an additional 80 shares during the period. GC Wealth Management RIA LLC increased its holdings in shares of D.R. Horton by 0.7% during the first quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company’s stock worth $1,571,000 after purchasing an additional 81 shares during the period. Finally, Chemistry Wealth Management LLC raised its holdings in D.R. Horton by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company’s stock valued at $505,000 after acquiring an additional 91 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

About D.R. Horton

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.