A share price of D.R. Horton Inc. [DHI] is currently trading at $155.20, up 0.38%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DHI shares have gain 2.19% over the last week, with a monthly amount glided 4.67%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, D.R. Horton, Inc. to Release 2024 Second Quarter Earnings on April 18, 2024. In a post published today on Yahoo Finance, D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced today that the Company will release financial results for its second quarter ended March 31, 2024 on Thursday, April 18, 2024 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 246190. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company’s website at investor.drhorton.com.
From an analyst’s perspective:
D.R. Horton Inc. [NYSE: DHI] stock has seen the most recent analyst activity on January 22, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Keefe Bruyette upgraded its rating to Outperform on December 13, 2023, and elevated its price target to $164. On November 27, 2023, Jefferies initiated with a Hold rating and assigned a price target of $119 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $123 on October 17, 2023. Goldman upgraded its rating to a Buy and reduced its price target to $131 on October 16, 2023. Raymond James upgraded its rating to Outperform for this stock on July 24, 2023, but kept the price target unchanged to $160. In a note dated June 01, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $150 on this stock.
D.R. Horton Inc. experienced fluctuations in its stock price throughout the past year between $92.50 and $157.93. Currently, Wall Street analysts expect the stock to reach $112.93 within the next 12 months. D.R. Horton Inc. [NYSE: DHI] shares were valued at $155.20 at the most recent close of the market. An investor can expect a potential drop of -27.24% based on the average DHI price forecast.
Analyzing the DHI fundamentals
Trailing Twelve Months sales for D.R. Horton Inc. [NYSE:DHI] were 35.93B which represents 6.45% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.21 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 154.07 points at the first support level, and at 152.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 156.84, and for the 2nd resistance point, it is at 158.48.
D.R. Horton Inc. [DHI] reported earnings per share of $2.82 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.88/share, meaning a difference of -$0.06 and a surprise factor of -2.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $4.45 per share as compared to estimates of $3.93 per share, a difference of $0.52 representing a surprise of 13.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for D.R. Horton Inc. [NYSE:DHI] is 8.99. Also, the Quick Ratio is 1.24, while the Cash Ratio stands at 1.16. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 11.16.
Transactions by insiders
Recent insider trading involved Allen Barbara K, Director, that happened on Jan 30 ’24 when 1748.0 shares were sold. Director, ANDERSON BRADLEY S completed a deal on Dec 14 ’23 to sell 10000.0 shares. Meanwhile, SVP, Controller and PAO Odom Aron M. sold 1213.0 shares on Dec 14 ’23.
