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Tuesday, June 6, 2023

Analysts Point To D.R. Horton Inc. (NYSE: DHI) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for D.R. Horton Inc. (DHI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.39, or -0.36%, to $108.19. The D.R. Horton Inc. has recorded 166,687 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that D.R. Horton, Inc., America’s Builder, Reports Fiscal 2023 Second Quarter Earnings and Declares Quarterly Dividend of $0.25 Per Share.

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Stocks Info

As a NYSE listed company, DHI falls under the Consumer Cyclical sector while operating within the Residential Construction industry segment. At the end of the last regular session, the stock closed at $108.58 and fluctuated between $109.04 as its day high and $106.63 as its day low. The current market capitalization of D.R. Horton Inc. is $36.53B. A total of 2.18 million shares were traded on the day, compared to an average of 3.19M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DHI has seen 32 BUY and 25 SELL insider trades, representing the acquisition of 2,400,317 and the disposition of 2,931,533 shares. Over the last 12 months, there were 56 BUYs and 49 SELLs from insiders. Insiders purchased 3,155,895 shares during that period but sold 3,320,059.

In the most recent transaction, Allen Barbara K sold 203 shares of DHI for 96.66 per share on Mar 21. After the transaction, the Director now owns 5,650 company shares. In a previous transaction on Mar 13, Allen Barbara K sold 449 shares at 96.00 per share. DHI shares that Director owns now total 5,650.

Among the insiders who sold shares, Odom Aron M. disposed of 1,000 shares on Mar 09 at a per-share price of $96.16. This resulted in the VP, Controller and PAO holding 3,083 shares of DHI after the transaction. In another insider transaction, Allen Barbara K sold 470 shares at $92.89 per share on Mar 08. Company shares held by the Director now total 5,650.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. D.R. Horton Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 0.92%, and it has a price to earnings (P/E) ratio of 7.32. DHI’s most recent ex-dividend date was 5/2/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 5/10/2023. Previously, the company paid the dividend on 2/14/2023 with an ex-dividend date of 2/6/2023. The DHI stock dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DHI in the last 3 months, the mean price target is $122.27 with high estimates of $148.00 and low estimates of $98.00. In terms of 52-week highs and lows, DHI has a high of $110.37 and a low of $59.25.

As of this writing, DHI has an earnings estimate of $2.76 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.92 per share and a lower estimate of $2.38. The company reported an EPS of $2.76 in the last quarter, which was 22.10% higher than expectations of $2.26.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DHI’s latest balance sheet shows that the firm has $3.21B in Cash & Short Term Investments as of fiscal 2021. There were $5.41B in debt and $3.39B in liabilities at the time. Its Book Value Per Share was $60.55, while its Total Shareholder’s Equity was $15.22B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DHI is Sell with a score of 3.82. A total of 8 analysts rated the stock as Buy while 2 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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