The stock of D.R. Horton Inc. (NYSE:DHI) increased by $1.19 on Wednesday to $114.78, up 1.05 percent. The last five days have seen an average of 2,855,661 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $25.71. The average number of shares traded over the last 20 days was 2,558,045, while the average volume over the last 50 days totaled 2,838,830.
DHI stock dropped -1.00% since last month. On 09/15/23, the company’s shares reached a one-month low of $110.42. The stock touched a high of $132.30 on 07/20/23, after rallying from a low of $66.01 in 52 weeks. The price of DHI stock has risen by 28.76% or $25.71 this year, reaching a new high 29 times. Still, the stock price is down -13.24% from the 52-week high.
Insider Transactions
DHI stock investors should be aware that D.R. Horton Inc. (DHI) stock had its last reported insider trading activity 44 days ago on Aug 07. On Aug 07, Director BUCHANAN MICHAEL R sold 1,639 shares at $127.03 each. This transaction resulted in the insider making $208,202. On Jun 20, WHEAT BILL W sold 32,000 shares at a price of US$117.81. After the transaction, the insider now owns 219,115 shares. EVP and COO Romanowski Paul J had earlier sold 40,000 shares on May 17 for $112.16 a share. The transaction was completed for $4,486,524.
Valuation Metrics
D.R. Horton Inc. (DHI) has a trailing price-to-earnings (P/E) ratio of 8.16. Beta for the stock is 1.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.15, the price-to-book (PB) ratio of 1.80, and the price-to-cash flow ratio of 12.30.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year. A $0.0250 dividend increase was reported on Wednesday November 9 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.18, and the total debt to equity ratio is 0.28. As far as profitability goes, gross margin for the trailing twelve months is 27.40% percent. D.R. Horton Inc.’s EBITDA margin for the year ended June 29 was 23.27%, whereas its operating margin stood at 18.40% for the same period. Based on annual data, it had gross profit of $10.5 billion and revenue of $33.48 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DHI’s return on assets (ROA) during the last 12 months has been 15.70%. There was a 23.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.80%.
Earnings Surprise
According to D.R. Horton Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.73 billion, while revenues rose by 9.64% to $7.97 billion. It was predicted that D.R. Horton Inc.’s quarterly earnings would be $3.9, but it ended up being $2.79, beating the consensus by 39.80%. EBITDA was $1.76 billion for the quarter. At the end of D.R. Horton Inc.’s most recent quarter ended June 29, its liabilities totaled 10.24 billion, while its total debt was $6.17 billion. Equity owned by shareholders amounts to $338.3 million.
Technical Picture
Here’s a quick look at D.R. Horton Inc.’s (DHI) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 45.87%, suggesting the stock is Neutral, with a 22.07% historical volatility rate.
The stochastic %K and %D were 32.73% and 27.72% respectively, while the average true range (ATR) was 2.80. Based on the 14-day stochastic reading of 41.95%, the RSI (14) reading is 44.45%. On the 9-day MACD Oscillator, the stock is at -0.89, and the 14-day reading is at -1.77.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on D.R. Horton Inc. (NYSE: DHI) to an Outperform. Prior to this, analysts firm rated the stock as a Mkt perform. Analysts have assigned D.R. Horton Inc. (DHI) an Overweight rating. DHI is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 11 others recommend it as a buy.
What is DHI’s price target for the next 12 months?
The current consensus forecast for the stock is between $115.00 and $167.00, with a median target price of $148.00. In analyzing these forecasts, the average price target given by analysts for D.R. Horton Inc. (DHI) is $146.53.
