D.R. Horton Inc. (DHI): A Technical Analysis

D.R. Horton Inc. (NYSE: DHI) has a higher price-to-earnings ratio of 11.23x compared to its average ratio. DHI has 36-month beta value of 1.64. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 9 as “hold,” and 0 as “sell.”

The public float for DHI is 292.13M, and currently, short sellers hold a 1.60% ratio of that float. The average trading volume of DHI on April 02, 2024 was 2.55M shares.

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DHI) stock’s latest price update

D.R. Horton Inc. (NYSE: DHI) has experienced a decline in its stock price by -3.56 compared to its previous closing price of 161.88. However, the company has seen a fall of -2.29% in its stock price over the last five trading days. Forbes reported 2024-04-02 that Our theme of Housing Stocks, which includes the stocks of home improvement players, building supply companies, and home builders including DR Horton and Pulte Group has fared reasonably well this year, rising by about 16% year-to-date. This compares to the S&P 500, which has gained about 10% over the same period.

DHI’s Market Performance

DHI’s stock has fallen by -2.29% in the past week, with a monthly rise of 2.06% and a quarterly rise of 2.73%. The volatility ratio for the week is 1.75% while the volatility levels for the last 30 days are 2.30% for D.R. Horton Inc. The simple moving average for the past 20 days is -0.11% for DHI’s stock, with a 19.93% simple moving average for the past 200 days.

Analysts’ Opinion of DHI

Keefe Bruyette gave a rating of “Outperform” to DHI, setting the target price at $164 in the report published on December 13th of the previous year.

DHI Trading at 4.26% from the 50-Day Moving Average

After a stumble in the market that brought DHI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.81% of loss for the given period.

Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares surge +1.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.09% lower at present.

During the last 5 trading sessions, DHI fell by -2.89%, which changed the moving average for the period of 200-days by +36.58% in comparison to the 20-day moving average, which settled at $156.43. In addition, D.R. Horton Inc. saw 2.73% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at DHI starting from Auld David V, who sale 25,000 shares at the price of $156.33 back on Mar 20 ’24. After this action, Auld David V now owns 773,121 shares of D.R. Horton Inc., valued at $3,908,240 using the latest closing price.

Allen Barbara K, the Director of D.R. Horton Inc., sale 203 shares at $152.56 during a trade that took place back on Mar 19 ’24, which means that Allen Barbara K is holding 5,650 shares at $30,969 based on the most recent closing price.

Stock Fundamentals for DHI

Current profitability levels for the company are sitting at:

  • 0.17 for the present operating margin
  • 0.26 for the gross margin

The net margin for D.R. Horton Inc. stands at 0.13. The total capital return value is set at 0.2. Equity return is now at value 21.86, with 14.88 for asset returns.

Based on D.R. Horton Inc. (DHI), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 73.42.

Currently, EBITDA for the company is 6.19 billion with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 91.35for trailing twelve months and the total asset turnover is 1.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.99.

Conclusion

To put it simply, D.R. Horton Inc. (DHI) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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