D.R. Horton Inc. (NYSE:DHI) saw an upside of 1.38% to close Tuesday at $97.00 after adding $1.32 on the day. The 5-day average trading volume is 3,072,120 shares of the company’s common stock. It has gained $98.93 in the past week and touched a new high 2 times within the past 5 days. An average of 2,403,705 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,679,800.
DHI’s 1-month performance is 8.08% or $7.82 on its low of $87.27 reached on 12/29/22. The company’s shares have touched a 52-week low of $59.25 and high of $97.32, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, DHI has achieved 8.82% or $7.86 and has reached a new high 8 times. However, the current price is down -0.33% from the 52-week high price.
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DHI stock investors last saw insider trading activity on Dec 21.Romanowski Paul J (EVP and COO) most recently sold 30,000 shares at $89.68 per share on Dec 21. This transaction cost the insider $2,690,433. Director, Allen Barbara K, sold 470 shares at a price of $84.86 on Dec 05. Then, on Dec 01, Director BUCHANAN MICHAEL R sold 2,000 shares at a price of $86.48 per share. This transaction amounted to $172,966.
DHI stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.97 while the price-to-book (PB) in the most recent quarter is 1.73, with the price to cash flow ratio at 335.23.
As well, the company’s long term debt to equity for the quarter ending September 29 was 0.19, while the total debt to equity was 0.31.. In terms of profitability, the gross margin trailing 12 months is 31.60%. The firm’s gross profit as reported stood at $10.5 billion against revenue of $33.48 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.94% to $1.63 billion, while revenue of $1.65 billion was -0.98% off the previous quarter. Analysts expected DHI to announce $5.09 per share in earnings in its latest quarter, but it posted $4.67, representing a -8.30% surprise. EBITDA for the quarter stood at more than $2.07 billion. DHI stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 10.57 billion, with total debt at $6.13 billion. Shareholders hold equity totaling $344.34 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 24 January was 67.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.19%.
The stock’s 5-day moving average is $94.78, reflecting a +1.72% or $1.64 change from its current price. DHI is currently trading +7.36% above its 20-day SMA, +34.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +28.58% and SMA200 by+36.37%.
Stochastic %K and %D was 75.82% and 68.19% and the average true range (ATR) pointed at 2.65. The RSI (14) points at 66.62%, while the 14-day stochastic is at 78.93% with the period’s ATR at 2.59. The stock’s 9-day MACD Oscillator is pointing at 0.67 and 1.48 on the 14-day charts.
In the most recent analyst report for D.R. Horton Inc. (NYSE: DHI), Oppenheimer launched coverage with a Perform rating.