D.R. Horton Inc. (NYSE:DHI) shares traded 1.65% higher at $150.69 on Wall Street last session.
DHI stock price is now -0.35% away from the 50-day moving average and 14.57% away from the 200-day moving average. The market capitalization of the company currently stands at $50.00B.
With the price target maintained at $130, Wedbush recently Downgraded its rating from Neutral to Underperform for D.R. Horton Inc. (NYSE: DHI)., while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, Auld David V, Executive Vice Chair sold 25,000 shares of the company’s stock on Mar 20 ’24. The stock was sold for $3,908,240 at an average price of $156.33. Upon completion of the transaction, the Executive Vice Chair now directly owns 773,121 shares in the company, valued at $116.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’24, Director Allen Barbara K sold 203 shares of the business’s stock. A total of $30,969 was realized by selling the stock at an average price of $152.56. This leaves the insider owning 5,650 shares of the company worth $0.85 million. A total of 11.96% of the company’s stock is owned by insiders.
During the past 12 months, D.R. Horton Inc. has had a low of $97.14 and a high of $165.75. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 8.99, and a quick ratio of 1.24. According to the stock market information, the enterprise value for the company is $52.01B, which is based on a 10.84 price-to-earnings ratio, a 1.84 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for DHI is $151.37 and a two-hundred day moving average price translates $131.68 for the stock.
The latest earnings results from D.R. Horton Inc. (NYSE: DHI) was released for Dec, 2023. According to the Residential Construction Company, earnings per share came in at $2.82, missing analysts’ expectations of $2.88 by -0.06. This compares to $2.79 EPS in the same period last year. The net profit margin was 13.18% and return on equity was 21.86% for DHI. The company reported revenue of $7.73 billion for the quarter, compared to $7.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.45 percent. For the current quarter, analysts expect DHI to generate $8.27B in revenue.
