D.R. Horton (NYSE:DHI) Given New $117.00 Price Target at Royal Bank Of Canada

D.R. Horton (NYSE:DHI - Get Free Report) had its price objective upped by research analysts at Royal Bank Of Canada from $105.00 to $117.00 in a report released on Wednesday, MarketBeat reports. The firm currently has an "underperform" rating on the construction company's stock. Royal Bank Of Canada's price objective points to a potential downside of 19.17% from the company's current price.

DHI has been the subject of several other research reports. The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JMP Securities lowered their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Wedbush upped their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $153.23.

D.R. Horton Price Performance

NYSE DHI traded up $0.05 during trading on Wednesday, reaching $144.75. The company's stock had a trading volume of 1,276,394 shares, compared to its average volume of 3,787,067. D.R. Horton has a one year low of $110.44 and a one year high of $199.85. The stock has a market capitalization of $44.46 billion, a PE ratio of 11.61, a P/E/G ratio of 3.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.15. The firm has a fifty day moving average of $127.61 and a 200 day moving average of $129.17.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period last year, the business earned $4.10 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. Analysts expect that D.R. Horton will post 13.04 EPS for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director owned 2,193 shares in the company, valued at $280,046.10. This trade represents a 49.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company's stock.

Institutional Trading of D.R. Horton

Several hedge funds have recently modified their holdings of the company. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton during the first quarter worth $26,000. Nemes Rush Group LLC boosted its holdings in D.R. Horton by 74.5% in the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Bayforest Capital Ltd increased its position in shares of D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock worth $32,000 after purchasing an additional 194 shares in the last quarter. Accredited Wealth Management LLC purchased a new position in D.R. Horton during the 1st quarter worth approximately $34,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of D.R. Horton during the fourth quarter worth approximately $43,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.