Wedbush slashes price target on D.R. Horton Inc. [DHI] – find out why.

D.R. Horton Inc. [NYSE: DHI] plunged by -$13.06 during the normal trading session on while it closed the day at $167.32.

D.R. Horton Inc. stock has also loss -7.25% of its value over the past 7 days. However, DHI stock has declined by -7.01% in the 3 months of the year. Over the past six months meanwhile, it has gained 17.43% and gained 10.09% year-on date.

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The market cap for DHI stock reached $54.55 billion, with 334.85 million shares outstanding and 287.70 million shares in the current float. Compared to the average trading volume of 2.10M shares, DHI reached a trading volume of 10455634 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 $197.80 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 2.29. 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 October 15, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $181 to $156. The new note on the price target was released on July 02, 2024, representing the official price target for D.R. Horton Inc. stock. Previously, the target price had yet another raise to $130, while Wedbush analysts kept a Underperform rating on DHI stock.

The Average True Range (ATR) for D.R. Horton Inc. is set at 6.03, with the Price to Sales ratio for DHI stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 9.26. Price to Free Cash Flow for DHI in the course of the last twelve months was 26.01 with Quick ratio for the last quarter at 1.04.

DHI stock trade performance evaluation

D.R. Horton Inc. [DHI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.25. With this latest performance, DHI shares dropped by -12.29% in over the last four-week period, additionally plugging by 17.43% over the last 6 months – not to mention a rise of 64.52% 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 30.08, with the RSI for the last a single of trading hit 24.25, and the three-weeks RSI is set at 35.23 for D.R. Horton Inc. [DHI]. The present Moving Average for the last 50 days of trading for this stock 187.44, while it was recorded at 177.99 for the last single week of trading, and 160.89 for the last 200 days.

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

D.R. Horton Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 8.51.

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 4.45/share EPS, while the average EPS was predicted by analysts to be reported at 3.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.52. 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 8.27%.

D.R. Horton Inc. [DHI]: Institutional Ownership

There are presently around $83.69%, or 93.12%% of DHI stock, in the hands of institutional investors. The top three institutional holders of DHI stocks are: VANGUARD GROUP INC with ownership of 34.61 million shares, which is approximately 10.4593%. BLACKROCK INC., holding 34.06 million shares of the stock with an approximate value of $$4.8 billion in DHI stocks shares; and BLACKROCK INC., currently with $$1.86 billion in DHI stock with ownership which is approximately 3.9905%.

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