D.R. Horton Inc. [NYSE: DHI] price surged by 3.09 percent to reach at $4.42. The company report on January 23, 2024 at 6:30 AM that D.R. Horton, Inc., America’s Builder, Reports Fiscal 2024 First Quarter Earnings and Declares Quarterly Dividend of $0.30 Per Share.
D.R. Horton, Inc. (NYSE:DHI):.
Fiscal 2024 First Quarter Highlights – comparisons to the prior year quarter.
The one-year DHI stock forecast points to a potential upside of 9.91. The average equity rating for DHI stock is currently 1.96, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $163.54 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 1.96. 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.
Seaport Research Partners have made an estimate for D.R. Horton Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 22, 2024.
The Average True Range (ATR) for D.R. Horton Inc. is set at 3.69, with the Price to Sales ratio for DHI stock in the period of the last 12 months amounting to 1.36. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 10.08. Price to Free Cash Flow for DHI in the course of the last twelve months was 15.41 with Quick ratio for the last quarter at 1.24.
DHI Stock Performance Analysis:
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 4.07. With this latest performance, DHI shares dropped by -1.70% in over the last four-week period, additionally plugging by 17.17% over the last 6 months – not to mention a rise of 49.29% 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 52.23, with the RSI for the last a single of trading hit 52.56, and the three-weeks RSI is set at 54.01 for D.R. Horton Inc. [DHI]. The present Moving Average for the last 50 days of trading for this stock 143.37, while it was recorded at 142.84 for the last single week of trading, and 121.85 for the last 200 days.
Insight into D.R. Horton Inc. Fundamentals:
D.R. Horton Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.24 and a Current Ratio set at 8.99.
DHI Stock EPS
With the latest financial reports released by the company, D.R. Horton Inc. posted 2.73/share EPS, while the average EPS was predicted by analysts to be reported at 1.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 41.50%. 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 5.88%.
D.R. Horton Inc. [DHI] Institutonal Ownership Details
The top three institutional holders of DHI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DHI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DHI stock with ownership which is approximately 5.8325%.
