D.R. Horton’s (DHI) “Underperform” Rating Reaffirmed at Royal Bank of Canada

D.R. Horton (NYSE:DHI)‘s stock had its “underperform” rating reissued by analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $125.00 price target on the construction company’s stock. Royal Bank of Canada’s target price suggests a potential downside of 13.96% from the stock’s previous close.

DHI has been the subject of several other reports. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Wedbush restated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, JMP Securities restated a “market outperform” rating and set a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $174.53.

D.R. Horton Trading Up 1.1 %

Shares of NYSE:DHI traded up $1.58 during mid-day trading on Wednesday, hitting $145.28. The company had a trading volume of 1,422,653 shares, compared to its average volume of 3,344,252. The firm has a fifty day moving average price of $151.09 and a 200 day moving average price of $169.16. D.R. Horton has a one year low of $133.02 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a market capitalization of $46.61 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 earnings per share. As a group, research analysts forecast that D.R. Horton will post 13.97 EPS for the current year.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently made changes to their positions in the stock. Coastline Trust Co acquired a new position in D.R. Horton in the third quarter valued at $26,000. Rakuten Securities Inc. boosted its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares during the last quarter. Grove Bank & Trust increased its stake in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of D.R. Horton during the 3rd quarter valued at $47,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.