Wedbush lifts D.R. Horton Inc. [DHI] price estimate. Who else is bullish?

D.R. Horton Inc. [NYSE: DHI] surged by $0.42 during the normal trading session on Wednesday and reaching a high of $78.60 during the day while it closed the day at $78.27. The company report on October 5, 2020 that D.R. Horton, Inc. to Release 2020 Fourth Quarter and Fiscal Year-End Earnings on November 10, 2020.

D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced today that the Company will release financial results for its fourth quarter and fiscal year ended September 30, 2020 on Tuesday, November 10, 2020 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 877-407-8033. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company’s website at

A replay of the call will be available after 12:30 p.m. ET on Tuesday, November 10, 2020 at 877-481-4010. When calling, please reference conference ID #37904. The teleconference replay will be available through November 17, 2020. The webcast replay will be available from the Company’s website at through January 31, 2021.

D.R. Horton Inc. stock has also gained 3.31% of its value over the past 7 days. However, DHI stock has inclined by 25.15% in the 3 months of the year. Over the past six months meanwhile, it has gained 102.25% and gained 48.38% year-on date.

The market cap for DHI stock reached $28.33 billion, with 363.80 million shares outstanding and 332.77 million shares in the current float. Compared to the average trading volume of 3.43M shares, DHI reached a trading volume of 1688001 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about D.R. Horton Inc. [DHI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DHI shares is $78.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DHI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for D.R. Horton Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 21, 2020. The new note on the price target was released on July 21, 2020, representing the official price target for D.R. Horton Inc. stock. Previously, the target price had yet another raise to $70, while JMP Securities analysts kept a Mkt Outperform rating on DHI stock.

The Average True Range (ATR) for D.R. Horton Inc. is set at 2.31, with the Price to Sales ratio for DHI stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 2.58, with the Price to Cash per share for the same quarter was set at 6.50. Price to Free Cash Flow for DHI in the course of the last twelve months was 27.11.

DHI stock trade performance evaluation

D.R. Horton Inc. [DHI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.31. With this latest performance, DHI shares gained by 9.06% in over the last four-week period, additionally plugging by 102.25% over the last 6 months – not to mention a rise of 48.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DHI stock in for the last two-week period is set at 60.49, with the RSI for the last a single of trading hit 63.79, and the three-weeks RSI is set at 60.64 for D.R. Horton Inc. [DHI]. The present Moving Average for the last 50 days of trading for this stock 73.18, while it was recorded at 78.05 for the last single week of trading, and 57.35 for the last 200 days.

D.R. Horton Inc. [DHI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and D.R. Horton Inc. [DHI] shares currently have an operating margin of +11.68 and a Gross Margin at +22.01. D.R. Horton Inc.’s Net Margin is presently recorded at +9.20.

Return on Total Capital for DHI is now 15.77, given the latest momentum, and Return on Invested Capital for the company is 14.67. Return on Equity for this stock inclined to 17.03, with Return on Assets sitting at 10.81. When it comes to the capital structure of this company, D.R. Horton Inc. [DHI] has a Total Debt to Total Equity ratio set at 33.92. Additionally, DHI Total Debt to Total Capital is recorded at 25.33, with Total Debt to Total Assets ending up at 21.60. Long-Term Debt to Equity for the company is recorded at 14.90, with the Long-Term Debt to Total Capital now at 11.12.

Reflecting on the efficiency of the workforce at the company, D.R. Horton Inc. [DHI] managed to generate an average of $181,528 per employee. Receivables Turnover for the company is 99.31 with a Total Asset Turnover recorded at a value of 1.18.

Earnings per share (EPS) analysis for D.R. Horton Inc. [DHI] stock

With the latest financial reports released by the company, D.R. Horton Inc. posted 1.35/share EPS, while the average EPS was predicted by analysts to be reported at 1.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DHI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for D.R. Horton Inc. go to 18.60%.

D.R. Horton Inc. [DHI]: Insider Ownership positions

There are presently around $23,509 million, or 84.60% of DHI stock, in the hands of institutional investors. The top three institutional holders of DHI stocks are: VANGUARD GROUP INC with ownership of 37,409,712, which is approximately -5.075% of the company’s market cap and around 8.51% of the total institutional ownership; BLACKROCK INC., holding 33,775,597 shares of the stock with an approximate value of $2.64 billion in DHI stocks shares; and STATE STREET CORP, currently with $1.23 billion in DHI stock with ownership of nearly -0.254% of the company’s market capitalization.

Positions in D.R. Horton Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 359 institutional holders increased their position in D.R. Horton Inc. [NYSE:DHI] by around 32,730,884 shares. Additionally, 395 investors decreased positions by around 36,405,863 shares, while 61 investors held positions by with 232,846,893 shares. The mentioned changes placed institutional holdings at 301,983,640 shares, according to the latest SEC report filing. DHI stock had 135 new institutional investments in for a total of 12,617,622 shares, while 83 institutional investors sold positions of 9,836,333 shares during the same period.

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