D.R. Horton Inc. [DHI] gain 20.71% so far this year. What now?

D.R. Horton Inc. [NYSE: DHI] gained 5.64% or 5.74 points to close at $107.60 with a heavy trading volume of 9070564 shares. The company report on April 20, 2023 at 6:30 AM that D.R. Horton, Inc., America’s Builder, Reports Fiscal 2023 Second Quarter Earnings and Declares Quarterly Dividend of $0.25 Per Share.

D.R. Horton, Inc. (NYSE:DHI):.

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It opened the trading session at $107.50, the shares rose to $110.37 and dropped to $106.77, the range by which the price of stock traded the whole day. The daily chart for DHI points out that the company has recorded 48.70% gains over the past six months. However, it is still -81.6% lower than its most recent low trading price.

If we look at the average trading volume of 3.12M shares, DHI reached to a volume of 9070564 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $109.40 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 2.40. 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.

Wolfe Research have made an estimate for D.R. Horton Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on March 22, 2023. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $107 to $102.50. The new note on the price target was released on March 06, 2023, representing the official price target for D.R. Horton Inc. stock. Previously, the target price had yet another drop from $104 to $96, while Wedbush kept a Neutral rating on DHI stock.

The Average True Range (ATR) for D.R. Horton Inc. is set at 2.73, with the Price to Sales ratio for DHI stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 7.57. Price to Free Cash Flow for DHI in the course of the last twelve months was 34.19.

Trading performance analysis for DHI stock

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 9.82. With this latest performance, DHI shares gained by 11.11% in over the last four-week period, additionally plugging by 48.70% over the last 6 months – not to mention a rise of 45.17% 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 74.40, with the RSI for the last a single of trading hit 80.96, and the three-weeks RSI is set at 69.35 for D.R. Horton Inc. [DHI]. The present Moving Average for the last 50 days of trading for this stock 96.21, while it was recorded at 101.87 for the last single week of trading, and 84.09 for the last 200 days.

D.R. Horton Inc. [DHI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and D.R. Horton Inc. [DHI] shares currently have an operating margin of +23.02 and a Gross Margin at +31.37. D.R. Horton Inc.’s Net Margin is presently recorded at +17.50.

Return on Total Capital for DHI is now 33.11, given the latest momentum, and Return on Invested Capital for the company is 26.47. Return on Equity for this stock inclined to 34.17, with Return on Assets sitting at 21.34. 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 31.53. Additionally, DHI Total Debt to Total Capital is recorded at 23.97, with Total Debt to Total Assets ending up at 19.94. Long-Term Debt to Equity for the company is recorded at 27.93, with the Long-Term Debt to Total Capital now at 21.24.

Reflecting on the efficiency of the workforce at the company, D.R. Horton Inc. [DHI] managed to generate an average of $442,510 per employee. Receivables Turnover for the company is 89.90 with a Total Asset Turnover recorded at a value of 1.22.

D.R. Horton Inc. [DHI]: An earnings per share (EPS) analysis

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 -9.70%.

An analysis of insider ownership at D.R. Horton Inc. [DHI]

There are presently around $30,491 million, or 87.30% of DHI stock, in the hands of institutional investors. The top three institutional holders of DHI stocks are: CAPITAL WORLD INVESTORS with ownership of 40,603,101, which is approximately 6.2% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 34,846,932 shares of the stock with an approximate value of $3.55 billion in DHI stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $3.12 billion in DHI stock with ownership of nearly 69.785% of the company’s market capitalization.

Positions in D.R. Horton Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 394 institutional holders increased their position in D.R. Horton Inc. [NYSE:DHI] by around 29,528,861 shares. Additionally, 460 investors decreased positions by around 25,755,947 shares, while 111 investors held positions by with 244,059,005 shares. The mentioned changes placed institutional holdings at 299,343,813 shares, according to the latest SEC report filing. DHI stock had 140 new institutional investments in for a total of 2,770,230 shares, while 97 institutional investors sold positions of 6,451,547 shares during the same period.


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