D.R. Horton Inc. (NYSE:DHI) shares traded 6.21% higher at $153.13 on Wall Street last session.
DHI stock price is now 29.99% away from the 50-day moving average and 35.47% away from the 200-day moving average. The market capitalization of the company currently stands at $51.02B.
With the price target enhanced from $148 to $164, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for D.R. Horton Inc. (NYSE: DHI).
In other news, Allen Barbara K, Director sold 470 shares of the company’s stock on Nov 28. The stock was sold for $59,319 at an average price of $126.21. Upon completion of the transaction, the Director now directly owns 5,650 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07, Director BUCHANAN MICHAEL R sold 1,639 shares of the business’s stock. A total of $208,202 was realized by selling the stock at an average price of $127.03. This leaves the insider owning 470 shares of the company worth $71971.1. Insiders disposed of 3,657,918 shares of company stock worth roughly $560.14 million over the past 1 year. A total of 12.94% of the company’s stock is owned by insiders.
During the past 12 months, D.R. Horton Inc. has had a low of $84.76 and a high of $144.63. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 9.20, and a quick ratio of 1.52. According to the stock market information, the enterprise value for the company is $52.29B, which is based on a 11.06 price-to-earnings ratio, a 2.07 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for DHI is $117.80 and a two-hundred day moving average price translates $113.04 for the stock.
The latest earnings results from D.R. Horton Inc. (NYSE: DHI) was released for Sep, 2023. The net profit margin was 13.38% and return on equity was 22.55% for DHI. The company reported revenue of $10.5 billion for the quarter, compared to $9.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.97 percent.
