Royal Bank of Canada Reaffirms Underperform Rating for D.R. Horton (NYSE:DHI)

D.R. Horton (NYSE:DHI)‘s stock had its “underperform” rating reaffirmed by research analysts at Royal Bank of Canada in a report released on Wednesday,Benzinga reports. They currently have a $125.00 price target on the construction company’s stock. Royal Bank of Canada’s price target points to a potential downside of 13.94% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. UBS Group dropped their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Finally, Citigroup lowered their target price on 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $174.53.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $145.25 on Wednesday. The business has a 50-day moving average price of $150.81 and a two-hundred day moving average price of $169.01. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market cap of $46.60 billion, a P/E ratio of 10.26, a PEG ratio of 0.54 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.55% and a net margin of 12.69%. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton will post 13.97 EPS for the current year.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s 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 filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of D.R. Horton

Hedge funds have recently made changes to their positions in the company. Coastline Trust Co purchased a new stake in D.R. Horton in the 3rd quarter worth about $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 purchasing an additional 117 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Wolff Wiese Magana LLC raised its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust lifted its stake in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares in the last quarter. 90.63% of the stock is currently owned by 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.