As of Friday close, D.R. Horton Inc.’s (NYSE:DHI) stock was up $0.25, moving up 0.23 percent to $109.30. The average number of shares traded per day over the past five days has been 2,928,020 shares. 3 times new highs have been achieved over the past 5 days, with a -$3.07 fall in that time frame. In the last twenty days, the average volume was 2,794,595, while in the previous 50 days, it was 2,891,816.
Since last month, DHI stock retreated -7.26%. Shares of the company fell to $107.99 on 09/21/23, the lowest level in the past month. A 52-week high of $132.30 was reached on 07/20/23 after having rallying from a 52-week low of $66.01. Since the beginning of this year, DHI’s stock price has risen by 22.62% or $20.16, and marked a new high 29 times. However, the stock has declined by -17.38% since its 52-week high.
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DHI stock investors should be aware that D.R. Horton Inc. (DHI) stock had its last reported insider trading activity 47 days ago on Aug 07. BUCHANAN MICHAEL R, the Director of the company, disposed of 1,639 shares for $127.03 on Aug 07. It resulted in a $208,202 divestment by the insider. WHEAT BILL W sold 32,000 shares at an average price of $117.81 on Jun 20. The insider now owns 219,115 shares following the transaction. On May 17, EVP and COO Romanowski Paul J sold 40,000 shares at $112.16 apiece. The transaction was valued at $4,486,524.
Valuation Metrics
Right now, D.R. Horton Inc. (DHI) has a P/E ratio of about 7.77. The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 1.10, the price-to-book (PB) ratio of 1.72, and the price-to-cash flow ratio of 11.71 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Wednesday November 9 2022, a $0.0250 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.18, and the total debt-to-equity ratio was 0.28. On the profitability front, the trailing twelve-month gross margin is 27.40% percent. In the year ended June 29, EBITDA margin amounted to 23.27%, whereas operating margins totaled 18.40%. Based on annual data, DHI earned $10.5 billion in gross profit and brought in $33.48 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.20%. Return on equity (ROE) for the past 12 months was 23.80%.
In D.R. Horton Inc.’s quarter-end financial report for June 29, it reported total debt of $6.11 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DHI’s revenue rose 9.64% to $7.97 billion during the quarter, while net income inched up to $9.73 billion. While analysts expected D.R. Horton Inc. to report $2.79 quarterly earnings, the actual figure was $3.9 per share, beating the consensus estimate by 39.80%. During the quarter, the company generated $1.76 billion in EBITDA. The liabilities of D.R. Horton Inc. were 10.24 billion at the end of its most recent quarter ended June 29, and its total debt was $6.17 billion. The value of shareholders’ equity is $338.3 million.
Technical Picture
This quick technical analysis looks at D.R. Horton Inc.’s (DHI) price momentum. With a historical volatility rate of 25.12%, the RSI 9-day stood at 29.50% on 22 September.
With respect to its five-day moving average, the current D.R. Horton Inc. price is down by -2.73% percent or -$3.07. At present, DHI shares trade -6.34% below its 20-day simple moving average and +0.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.57% below its SMA50 and +29.01% above its SMA200.
Stochastic coefficient K was 15.17% and Stochastic coefficient D was 21.40%, while ATR was 3.02. Given the Stochastic reading of 11.03% for the 14-day period, the RSI (14) reading has been calculated as 33.90%. As of today, the MACD Oscillator reading stands at -2.19, while the 14-day reading stands at -3.53.
Analyst Ratings
Raymond James upgraded its rating on D.R. Horton Inc. (NYSE: DHI) to an Outperform in a note to investors on July 24, 2023. The analysts firm previously had a Mkt perform rating on the stock.D.R. Horton Inc. (DHI) has been rated Overweight by analysts. According to 1 brokerage firm, DHI is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate D.R. Horton Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $148.00, the current consensus forecast for the stock is $115.00 – $167.00. Based on these forecasts, analysts predict D.R. Horton Inc. (DHI) will achieve an average price target of $146.53.
