D.R. Horton Inc. (NYSE:DHI) saw a downside of -1.17% to close Monday at $115.94 after subtracting -$1.37 on the day. The 5-day average trading volume is 3,739,840 shares of the company’s common stock. It has gained $127.92 in the past week and touched a new high 1 time within the past 5 days. An average of 2,799,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,103,982.
DHI’s 1-month performance is -9.12% or -$11.64 on its low of $114.34 reached on 08/21/23. The company’s shares have touched a 52-week low of $66.01 and high of $132.30, with the stock’s rally to the 52-week high happening on 07/20/23. YTD, DHI has achieved 30.07% or $26.80 and has reached a new high 29 times. However, the current price is down -12.37% from the 52-week high price.
Insider Transactions
DHI stock investors last saw insider trading activity on Aug 07.BUCHANAN MICHAEL R (Director) most recently sold 1,639 shares at $127.03 per share on Aug 07. This transaction cost the insider $208,202. EVP and CFO, WHEAT BILL W, sold 32,000 shares at a price of $117.81 on Jun 20. Then, on May 17, EVP and COO Romanowski Paul J sold 40,000 shares at a price of $112.16 per share. This transaction amounted to $4,486,524.
Valuation Metrics
DHI stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.13 while the price-to-book (PB) in the most recent quarter is 1.82, with the price to cash flow ratio at 12.03.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.28. In terms of profitability, the gross margin trailing 12 months is 27.40%. The trailing 12-month EBITDA margin is 23.27% while for the period ending June 29, D.R. Horton Inc.’s operating margin was 18.40%. The firm’s gross profit as reported stood at $10.5 billion against revenue of $33.48 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -23.42% to $1.34 billion, while revenue of $942.2 million was 29.43% off the previous quarter. Analysts expected DHI to announce $2.79 per share in earnings in its latest quarter, but it posted $3.9, representing a 39.80% surprise. EBITDA for the quarter stood at more than $1.76 billion. DHI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 10.24 billion, with total debt at $6.17 billion. Shareholders hold equity totaling $338.3 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 21 August was 30.47% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.87%.
The stock’s 5-day moving average is $119.86, reflecting a -5.95% or -$7.34 change from its current price. DHI is currently trading -10.82% above its 20-day SMA, +21.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.36% and SMA200 by+49.85%.
Stochastic %K and %D was 9.82% and 15.52% and the average true range (ATR) pointed at 3.58. The RSI (14) points at 36.49%, while the 14-day stochastic is at 11.64% with the period’s ATR at 3.41. The stock’s 9-day MACD Oscillator is pointing at -5.09 and -6.61 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for D.R. Horton Inc. (NYSE: DHI), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for DHI stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate DHI as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 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 $115.00 and a high of $167.00, with their median price target at $148.00. Looking at these predictions, the average price target given by analysts is for D.R. Horton Inc. (DHI) stock is $145.35.
