The price of D.R. Horton Inc. (NYSE:DHI) shares last traded on Wall Street fell -1.91% to $108.08.
Based on available information, 20 analysts follow D.R. Horton Inc. (NYSE:DHI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $148.00 and a low of $98.00, we find $123.00. Given the previous closing price of $110.19, this indicates a potential upside of 11.63 percent. DHI stock price is now 5.51% away from the 50-day moving average and 23.25% away from the 200-day moving average. The market capitalization of the company currently stands at $37.63B.
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Among analysts, 10 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $122.07 as their price target over the next twelve months.
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In other news, Romanowski Paul J, EVP and COO sold 40,000 shares of the company’s stock on May 17. The stock was sold for $4,486,524 at an average price of $112.16. Upon completion of the transaction, the EVP and COO now directly owns 84,268 shares in the company, valued at $9.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, EVP and COO Murray Michael J sold 54,000 shares of the business’s stock. A total of $5,951,572 was realized by selling the stock at an average price of $110.21. This leaves the insider owning 257,294 shares of the company worth $27.81 million. Insiders disposed of 3,423,010 shares of company stock worth roughly $369.96 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DHI stock. A new stake in D.R. Horton Inc. shares was purchased by CASTLE HOOK PARTNERS LP during the first quarter worth $64,988,000. ZURICH INSURANCE GROUP LTD/FI invested $49,781,000 in shares of DHI during the first quarter. In the first quarter, CANDLESTICK CAPITAL MANAGEMENT LP acquired a new stake in D.R. Horton Inc. valued at approximately $49,037,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in DHI for approximately $42,665,000. HOLOCENE ADVISORS, LP purchased a new stake in DHI valued at around $12,213,000 in the second quarter. In total, there are 1,197 active investors with 87.30% ownership of the company’s stock.
A candlestick chart of D.R. Horton Inc. (NYSE: DHI) showed a price of $109.90 on Monday morning. During the past 12 months, D.R. Horton Inc. has had a low of $59.25 and a high of $112.88. The fifty day moving average price for DHI is $102.72 and a two-hundred day moving average price translates $87.85 for the stock.
The latest earnings results from D.R. Horton Inc. (NYSE: DHI) was released for Mar, 2023. According to the Residential Construction Company, earnings per share came in at $2.73, beating analysts’ expectations of $1.93 by 0.8. This compares to $4.05 EPS in the same period last year. The net profit margin was 15.40% and return on equity was 26.50% for DHI. The company reported revenue of $7.97 billion for the quarter, compared to $8.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.33 percent. For the current quarter, analysts expect DHI to generate $8.27B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/10/2023. Investors who held shares on 05/03/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.93% percent yield. There was an ex-dividend date of 05/02/2023 for this dividend. In terms of dividend payout ratio, DHI is presently at 6.40%.
