D.R. Horton Inc. (NYSE:DHI) saw an upside of 0.52% to close Tuesday at $83.72 after adding $0.43 on the day. The 5-day average trading volume is 1,992,380 shares of the company’s common stock. It has gained $85.67 in the past week. An average of 2,529,490 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,371,504.
DHI’s 1-month performance is -5.93% or -$5.87 on its low of $82.30 reached on 10/06/21. The company’s shares have touched a 52-week low of $64.32 and high of $106.89, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, DHI has achieved 21.47% or $14.80. However, the current price is down -21.68%% from the 52-week high price.
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On Jul 27, 78 days have gone by since the last insider trading activity for D.R. Horton Inc. (DHI). Hewatt Michael W (Director) most recently sold 2,342 shares at $92.66 per share on Jul 27. This transaction cost the insider $217,010. Director, BUCHANAN MICHAEL R, sold 2,812 shares at a price of $92.50 on Jul 26. Then, on May 07, VP, Controller and PAO Odom Aron M. sold 3,000 shares at a price of $102.50 per share. This transaction amounted to $307,507.
The company’s PE ratio for the last five years has touched a high of 19.80 and a low of 6.123. DHI stock has a beta of 1.65. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.16 while the price-to-book (PB) in the most recent quarter is 2.18, with the price to cash flow ratio at 68.70.
D.R. Horton Inc. pays an annual dividend of $0.80 per share. Its dividend yield is 0.96% and the payout ratio is 7.70%. DHI’s most recent quarterly dividend payment was made on Aug. 17, when it paid $0.20 a share compared with prior rate of $0.20, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0250 reported on Wednesday November 11 2020. Measured over the last 3 years, the Dividend has been growing by 70.59% yearly.
It is projected that D.R. Horton Inc.’s next ex-dividend date will be on DR. DHI is expected to distribute $1-Dec as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.21, while the total debt to equity was 0.32. In terms of profitability, the gross margin trailing 12 months is 27.40%. The trailing 12-month EBITDA margin is 14.94% while for the period ending June 29; D.R. Horton Inc.’s operating margin was 18.00%. The firm’s gross profit as reported stood at $4.94 billion against revenue of $20.31 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected DHI to announce $2.81 per share in earnings in its latest quarter, but it posted $3.06, representing a 8.90% surprise. EBITDA for the quarter stood at more than $1.44 billion. DHI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.67 billion, with total debt at $4.47 billion. Shareholders hold equity totaling $358.18 million
Let’s look briefly at D.R. Horton Inc. (DHI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 36.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.73%.
The stock’s 5-day moving average is $83.58, reflecting a +0.92% or $0.76 change from its current price. DHI is currently trading -4.73% above its 20-day SMA, -8.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.23% and +16.52% respectively.
Stochastic %K and %D was 16.41% and 16.95% and the average true range (ATR) pointed at 1.90. The RSI (14) points at 36.14%, while the 14-day stochastic is at 21.13% with the period’s ATR at 2.03. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -1.16 on the 14-day charts.
In the most recent analyst report for D.R. Horton Inc. (NYSE: DHI), Wedbush upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for DHI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DHI as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.
What is DHI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $97.00 and a high of $145.00, with their median price target at $110.00. Looking at these predictions, the average price target given by analysts is for D.R. Horton Inc. (DHI) stock is $112.71.