Royal Bank of Canada Cuts D.R. Horton (NYSE:DHI) Price Target to $105.00

D.R. Horton (NYSE:DHI - Get Free Report) had its target price reduced by Royal Bank of Canada from $125.00 to $105.00 in a research note issued to investors 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 16.74% from the company's previous close.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday. Bank of America reduced their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 StockNews.com raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, JMP Securities lowered their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $151.15.

D.R. Horton Stock Up 1.1 %

Shares of NYSE:DHI traded up $1.32 on Monday, reaching $126.11. The company had a trading volume of 369,481 shares, compared to its average volume of 3,821,668. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $39.74 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.54 and a beta of 1.61. The stock has a 50-day moving average price of $126.07 and a 200 day moving average price of $145.93. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the business earned $3.52 EPS. On average, equities analysts expect that D.R. Horton will post 13.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of D.R. Horton during the fourth quarter worth $593,363,000. Franklin Resources Inc. raised its holdings in D.R. Horton by 71.5% during the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares during the last quarter. GAMMA Investing LLC lifted its position in D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock valued at $116,544,000 after purchasing an additional 911,960 shares during the period. Two Sigma Investments LP boosted its stake in shares of D.R. Horton by 1,838.0% in the 4th quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock valued at $122,712,000 after purchasing an additional 832,358 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of D.R. Horton during the 4th quarter worth approximately $98,720,000. Institutional investors own 90.63% of the company's stock.

D.R. Horton Company Profile

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.