In yesterday’s Wall Street session, D.R. Horton Inc. (NYSE:DHI) shares traded at $169.29, up 1.18% from the previous session.
DHI stock price is now -9.59% away from the 50-day moving average and 5.17% away from the 200-day moving average. The market capitalization of the company currently stands at $55.20B.
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With the price target maintained at $165, Wedbush recently Upgraded its rating from Underperform to Neutral for D.R. Horton Inc. (NYSE: DHI). On July 02, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $181 to quote $156, while ‘Wedbush’ rates the stock as ‘Underperform’
In other news, Odom Aron M., SVP, Controller and PAO sold 1,000 shares of the company’s stock on Aug 23 ’24. The stock was sold for $191,250 at an average price of $191.25. Upon completion of the transaction, the SVP, Controller and PAO now directly owns 6,457 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Director BUCHANAN MICHAEL R sold 2,000 shares of the business’s stock. A total of $301,400 was realized by selling the stock at an average price of $150.70. This leaves the insider owning 1,703 shares of the company worth $0.29 million. A total of 11.76% of the company’s stock is owned by insiders.
During the past 12 months, D.R. Horton Inc. has had a low of $100.94 and a high of $199.85. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 7.32, and a quick ratio of 1.61. According to the stock market information, the enterprise value for the company is $57009790976, which is based on a 11.79 price-to-earnings ratio, a 1.43 price-to-earnings-growth ratio, and a beta of 1.73. The fifty day moving average price for DHI is $187.2384 and a two-hundred day moving average price translates $160.96815 for the stock.
The latest earnings results from D.R. Horton Inc. (NYSE: DHI) was released for 2024-09-30. The net profit margin was 12.92% and return on equity was 19.82% for DHI. The company reported revenue of $9.97 billion for the quarter, compared to $9.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.47 percent.
