D.R. Horton Inc. (NYSE: DHI)’s stock price has increased by 1.22 compared to its previous closing price of 187.11. However, the company has seen a 2.11% increase in its stock price over the last five trading sessions. youtube.com reported 2024-10-15 that Kevin Horner returns with this week’s Technical Tuesday, where he breaks down technical trends in charts of interest. For the S&P 500 (SPX), he’s interested in how the index has consolidated since the Fed’s rate cut, and whether levels can continue pushing to the upside.
Is It Worth Investing in D.R. Horton Inc. (NYSE: DHI) Right Now?
The price-to-earnings ratio for D.R. Horton Inc. (NYSE: DHI) is 12.72x, which is above its average ratio. Moreover, the 36-month beta value for DHI is 1.73. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for DHI is 287.70M and currently, short sellers hold a 1.84% of that float. On October 16, 2024, DHI’s average trading volume was 2.38M shares.
DHI’s Market Performance
The stock of D.R. Horton Inc. (DHI) has seen a 2.11% increase in the past week, with a -2.67% drop in the past month, and a 20.25% gain in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.03% for DHI. The simple moving average for the last 20 days is 0.16% for DHI stock, with a simple moving average of 18.91% for the last 200 days.
Analysts’ Opinion of DHI
Citigroup, on the other hand, stated in their research note that they expect to see DHI reach a price target of $156, previously predicting the price at $181. The rating they have provided for DHI stocks is “Neutral” according to the report published on July 02nd, 2024.
Wedbush gave a rating of “Underperform” to DHI, setting the target price at $130 in the report published on April 02nd of the current year.
DHI Trading at 2.02% 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 -5.23% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -3.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.02% upper at present.
During the last 5 trading sessions, DHI rose by +2.11%, which changed the moving average for the period of 200-days by +24.62% in comparison to the 20-day moving average, which settled at $189.10. In addition, D.R. Horton Inc. saw 24.62% 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 Odom Aron M., who sale 1,000 shares at the price of $191.25 back on Aug 23 ’24. After this action, Odom Aron M. now owns 6,457 shares of D.R. Horton Inc., valued at $191,250 using the latest closing price.
BUCHANAN MICHAEL R, the Director of D.R. Horton Inc., sale 2,000 shares at $150.70 during a trade that took place back on May 06 ’24, which means that BUCHANAN MICHAEL R is holding 1,703 shares at $301,400 based on the most recent closing price.
Stock Fundamentals for DHI
Current profitability levels for the company are sitting at:
- 0.18 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 0.21. Equity return is now at value 21.52, with 14.77 for asset returns.
Based on D.R. Horton Inc. (DHI), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 44.77.
Currently, EBITDA for the company is 6.19 billion with net debt to EBITDA at 0.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.73. The receivables turnover for the company is 86.55for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.51.
Conclusion
To wrap up, the performance of D.R. Horton Inc. (DHI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
