An investigation into D.R. Horton Inc. (NYSE:DHI)’s technical aspects

D.R. Horton Inc. (NYSE: DHI) closed the day trading at $105.89 down -2.03% from the previous closing price of $108.08. In other words, the price has decreased by -$2.19 from its previous closing price. On the day, 4295479 shares were traded. DHI stock price reached its highest trading level at $107.87 during the session, while it also had its lowest trading level at $105.02.

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For a better understanding of DHI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.45. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.18.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 17 when Romanowski Paul J sold 40,000 shares for $112.16 per share. The transaction valued at 4,486,524 led to the insider holds 84,268 shares of the business.

Murray Michael J sold 54,000 shares of DHI for $5,951,572 on May 03. The EVP and COO now owns 257,294 shares after completing the transaction at $110.21 per share. On Mar 21, another insider, Allen Barbara K, who serves as the Director of the company, sold 203 shares for $96.66 each. As a result, the insider received 19,622 and left with 5,650 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DHI now has a Market Capitalization of 36.70B and an Enterprise Value of 39.61B. As of this moment, D.R.’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.14, and their Forward P/E ratio for the next fiscal year is 9.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 1.18 whereas that against EBITDA is 5.88.

Stock Price History:

Over the past 52 weeks, DHI has reached a high of $112.88, while it has fallen to a 52-week low of $59.25. The 50-Day Moving Average of the stock is 102.92, while the 200-Day Moving Average is calculated to be 88.00.

Shares Statistics:

Over the past 3-months, DHI traded about 3.03M shares per day on average, while over the past 10 days, DHI traded about 2.45M shares per day. A total of 342.10M shares are outstanding, with a floating share count of 302.33M. Insiders hold about 0.60% of the company’s shares, while institutions hold 87.30% stake in the company. Shares short for DHI as of Apr 27, 2023 were 9.44M with a Short Ratio of 9.44M, compared to 12.02M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.77% and a Short% of Float of 4.73%.

Dividends & Splits

DHI’s forward annual dividend rate is 1.00, up from 0.95 a year ago. Against a Trailing Annual Dividend Yield of 0.88%, it implies a Forward Annual Dividend Yield of 0.93%. The stock’s 5-year Average Dividend Yield is 1.11. The current Payout Ratio is 6.40% for DHI, which recently paid a dividend on May 09, 2023 with an ex-dividend date of May 01, 2023. Stock splits for the company last occurred on Mar 16, 2005 when the company split stock in a 4:3 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 17 analysts. On average, analysts expect EPS of $2.76 for the current quarter, with a high estimate of $2.92 and a low estimate of $2.38, while EPS last year was $4.67. The consensus estimate for the next quarter is $2.94, with high estimates of $3.44 and low estimates of $2.37.

Analysts are recommending an EPS of between $11.83 and $10.25 for the fiscal current year, implying an average EPS of $11.1. EPS for the following year is $11.27, with 19 analysts recommending between $13.33 and $8.55.

Revenue Estimates

10 analysts predict $8.27B in revenue for the current quarter. It ranges from a high estimate of $8.53B to a low estimate of $7.98B. As of the current estimate, D.R. Horton Inc.’s year-ago sales were $8.79B, an estimated decrease of -5.90% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $8.57B, a decrease of -11.10% less than the figure of -$5.90% in the same quarter last year. There is a high estimate of $8.85B for the next quarter, whereas the lowest estimate is $8.34B.

A total of 13 analysts have provided revenue estimates for DHI’s current fiscal year. The highest revenue estimate was $32.33B, while the lowest revenue estimate was $31.48B, resulting in an average revenue estimate of $32.03B. In the same quarter a year ago, actual revenue was $33.48B, down -4.30% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $32.27B in the next fiscal year. The high estimate is $35.26B and the low estimate is $29.69B. The average revenue growth estimate for next year is up 0.70% from the average revenue estimate for this year.