Royal Bank Of Canada Raises D.R. Horton (NYSE:DHI) Price Target to $125.00

D.R. Horton (NYSE:DHIGet Free Report) had its price objective upped by stock analysts at Royal Bank Of Canada from $123.00 to $125.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underperform” rating on the construction company’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 11.89% from the stock’s current price.

DHI has been the subject of several other reports. UBS Group increased their price objective on D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday, April 7th. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a report on Wednesday. Finally, Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $168.17.

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D.R. Horton Stock Down 0.5%

DHI opened at $141.88 on Wednesday. D.R. Horton has a twelve month low of $131.75 and a twelve month high of $184.54. The company’s 50-day moving average price is $150.62 and its two-hundred day moving average price is $150.40. The stock has a market cap of $40.23 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.00 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 2.64 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHIGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $3.36 EPS. As a group, equities analysts expect that D.R. Horton will post 10.58 earnings per share for the current year.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds have recently made changes to their positions in DHI. Core Wealth Advisors LLC bought a new position in D.R. Horton in the 4th quarter worth about $25,000. Osbon Capital Management LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at about $26,000. Sound Income Strategies LLC bought a new stake in shares of D.R. Horton during the fourth quarter valued at about $27,000. Elevated Capital Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $27,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of D.R. Horton in the fourth quarter valued at approximately $30,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting D.R. Horton

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About D.R. Horton

(Get Free Report)

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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