In yesterday’s Wall Street session, D.R. Horton Inc. (NYSE:DHI) shares traded at $127.58, up 1.72% from the previous session.
As of this writing, 22 analysts cover 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 $164.00 and a low of $115.00, we find $142.00. Given the previous closing price of $125.42, this indicates a potential upside of 13.22 percent. DHI stock price is now 10.20% away from the 50-day moving average and 31.94% away from the 200-day moving average. The market capitalization of the company currently stands at $42.78B.
There are 9 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $140.63 as their price target over the next twelve months.
With the price target of $150, Deutsche Bank recently initiated with Buy rating for D.R. Horton Inc. (NYSE: DHI).
In other news, WHEAT BILL W, EVP and CFO sold 32,000 shares of the company’s stock on Jun 20. The stock was sold for $3,769,994 at an average price of $117.81. Upon completion of the transaction, the EVP and CFO now directly owns 219,115 shares in the company, valued at $27.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, EVP and COO Romanowski Paul J sold 40,000 shares of the business’s stock. A total of $4,486,524 was realized by selling the stock at an average price of $112.16. This leaves the insider owning 84,268 shares of the company worth $10.75 million. Insiders disposed of 3,507,975 shares of company stock worth roughly $447.55 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 $76,713,000. ZURICH INSURANCE GROUP LTD/FI invested $58,762,000 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 $57,884,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in DHI for approximately $50,363,000. WEDGE CAPITAL MANAGEMENT L L P/NC purchased a new stake in DHI valued at around $31,112,000 in the second quarter. In total, there are 1,197 active investors with 87.30% ownership of the company’s stock.
Friday morning saw D.R. Horton Inc. (NYSE: DHI) opened at $126.43. During the past 12 months, D.R. Horton Inc. has had a low of $66.01 and a high of $132.30. The fifty day moving average price for DHI is $116.14 and a two-hundred day moving average price translates $96.98 for the stock.
The latest earnings results from D.R. Horton Inc. (NYSE: DHI) was released for Jun, 2023. According to the Residential Construction Company, earnings per share came in at $3.9, beating analysts’ expectations of $2.79 by 1.11. This compares to $4.05 EPS in the same period last year. The net profit margin was 16.40% and return on equity was 29.00% 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 $9.23B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/14/2023. Investors who held shares on 08/07/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.78% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, DHI is presently at 5.70%.
D.R. Horton Inc.(DHI) Company Profile
D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 106 markets across 33 states under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes. It also provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business. In addition, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; owns non-residential real estate, including ranch land and improvements; and owns and operates energy related assets. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.
