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

D.R. Horton (NYSE:DHI - Get Free Report) had its price objective reduced by Royal Bank of Canada from $125.00 to $105.00 in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has an "underperform" rating on the construction company's stock. Royal Bank of Canada's price target points to a potential downside of 15.79% from the stock's current price.

DHI has been the subject of a number of other research reports. StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. JMP Securities reduced their target price on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a research report on Monday, April 21st. BTIG Research dropped 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 note 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. Citigroup decreased their target price on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Barclays dropped their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton has a consensus rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Down 1.1 %

NYSE DHI traded down $1.35 during trading on Monday, hitting $124.69. 3,588,150 shares of the company traded hands, compared to its average volume of 2,949,679. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $199.85. The business has a fifty day simple moving average of $125.87 and a 200 day simple moving average of $145.10. The company has a market capitalization of $38.30 billion, a P/E ratio of 8.81, a PEG ratio of 0.54 and a beta of 1.61. 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 - Get Free Report) last posted 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 return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the company posted $3.52 earnings per share. As a group, sell-side analysts predict that D.R. Horton will post 13.04 EPS for the current year.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently made changes to their positions in DHI. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the 4th 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 during the period. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of D.R. Horton during the 4th quarter worth approximately $38,000. Rosenberg Matthew Hamilton increased its holdings 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 acquiring an additional 165 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in D.R. Horton in the 4th quarter valued at $43,000. 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.