D.R. Horton Inc. (NYSE:DHI) finished Wednesday with a subtraction of -$0.45 to close at $107.01, a downside of -0.42 percent. An average of 2,473,180 shares of common stock have been traded in the last five days. There was a fall of -$6.19 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 2,642,310 shares traded, while the 50-day average volume stands at 2,806,892.
DHI stock has decreased by -7.45% in the last month. The company shares reached their 1-month lowest point of $106.60 on 09/27/23. With the stock rallying to its 52-week high on 07/20/23, shares of the company touched a low of $66.01 and a high of $132.30 in 52 weeks. It has reached a new high 29 times so far this year and achieved 20.05% or $17.87 in price. In spite of this, the price is down -19.12% from the 52-week high.
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Insider Transactions
DHI stock investors should be aware that D.R. Horton Inc. (DHI) stock had its last reported insider trading activity 52 days ago on Aug 07. In this transaction, the insider spent $208,202. EVP and CFO, WHEAT BILL W, disposed of 32,000 shares at a price of $117.81 on Jun 20. The insider now owns more than $3,769,994 worth of shares. Prior to that, EVP and COO Romanowski Paul J went on to Sale 40,000 shares at $112.16 each on May 17. An amount of $4,486,524 was transacted.
Valuation Metrics
D.R. Horton Inc. (DHI) has a trailing price-to-earnings (P/E) ratio of 7.61. The stock’s beta is 1.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.05, the price-to-book (PB) ratio at 1.67, and the price-to-cash flow ratio at 11.18.
The company has a payout ratio of 5.45%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Wednesday November 9 2022.
Financial Health
The quick ratio of D.R. Horton Inc. for the three months ended June 29 was 1.18, and the current ratio was 8.21, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.28 for the quarter ending June 29. Its gross profit as reported stood at $10.5 billion compared to revenue of $33.48 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, D.R. Horton Inc.’s return on assets was 15.91%.
Earnings Surprise
For the three-month period that ended June 29, D.R. Horton Inc. had $6.11 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.34 billion in the quarter, while revenues of $942.2 million were shrunk -23.42%. The analyst consensus anticipated D.R. Horton Inc.’s latest quarter earnings to come in at $2.79 per share, but it turned out to be $3.9, a 39.80% surprise. For the quarter, EBITDA amounted to $1.76 billion. Shareholders own equity worth $338.3 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at D.R. Horton Inc. (DHI) price momentum. RSI 9-day as of the close on 27 September was 24.46%, suggesting the stock is oversold, with historical volatility in this time frame at 20.50%.
As of today, DHI’s price is $108.20 -5.47% or -$6.19 from its 5-day moving average. DHI is currently trading -8.72% lower than its 20-day SMA and -0.20% lower than its 100-day SMA. However, the stock’s current price level is -16.32% below the SMA50 and +24.53% above the SMA200.
The stochastic %K and %D were 2.01% and 4.58%, respectively, and the average true range (ATR) was 2.67. With the 14-day stochastic at 3.12% and the average true range at 2.80, the RSI (14) stands at 30.32%. The stock has reached -2.82 on the 9-day MACD Oscillator while the 14-day reading was at -4.76.
Analyst Ratings
Raymond James upgraded D.R. Horton Inc. (NYSE: DHI) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform.
What is DHI’s price target for the next 12 months?
Analysts predict a range of price targets between $115.00 and $167.00, with a median target of $148.00. Taking a look at these predictions, the average price target given by analysts for D.R. Horton Inc. (DHI) stock is $146.53.
