A History of Outperforming Analyst Forecasts and Beating the Odds: D.R. Horton Inc. (DHI)

With 1.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.77 million shares. During the session, the Residential Construction company that operates in wider Consumer Cyclical sector, reached to the highest price of $146.45 whereas the lowest price it dropped to was $143.90. The 52-week range on DHI shows that it touched its highest point at $157.93 and its lowest point at $89.05 during that stretch. It currently has a 1-year price target of $163.58. With its current market cap of 47.99 billion, DHI has annualized dividend of $1.08 while the current yield stands at 0.75%. Beta for the stock currently stands at 1.65.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DHI was up-trending over the past week, with a rise of 1.21%, but this was down by -5.02% over a month. Three-month performance surged to 22.87% while six-month performance rose 13.42%. The stock gained 47.32% in the past year, while it has lost -4.83% so far this year. A look at the trailing 12-month EPS for DHI yields 13.90 with Next year EPS estimates of 15.52. For the next quarter, that number is 3.07. This implies an EPS growth rate of 2.67% for this year and 9.41% for next year. EPS is expected to grow by 5.88% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.41%.

Float and Shares Shorts:

At present, 334.85 million DHI shares are outstanding with a float of 292.89 million shares on hand for trading. On Jan 11, 2024, short shares totaled 5.17 million, which was 1.56% higher than short shares on Dec 14, 2023. In addition to Mr. Donald R. Horton as the firm’s Chairman of the Board, Mr. Paul J. Romanowski serves as its President, CEO & Director.

Institutional Ownership:

Through their ownership of 82.95% of DHI’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DHI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DHI analysts setting a high price target of $192.00 and a low target of $130.00, the average target price over the next 12 months is $163.58. Based on these targets, DHI could surge 32.74% to reach the target high and fall by -10.12% to reach the target low. Reaching the average price target will result in a growth of 13.09% from current levels.

Summary of Insider Activity:

Insiders traded DHI stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 226,781 shares were sold. The number of buy transactions has increased to 53 while that of sell transactions has risen to 43 over the past year. The total number of shares bought during that period was 4,425,843 while 3,623,532 shares were sold.