D.R. Horton Inc. (NYSE:DHI) price closed lower on Tuesday, April 16, dropping -2.03% below its previous close.
A look at the daily price movement shows that the last close reads $149.07. The company’s 5Y monthly beta was ticking 1.64 while its P/E ratio in the trailing 12-month period read 10.50. Taking into account the 52-week price action we note that the stock hit a 52-week high of $165.75 and 52-week low of $97.92. The stock subtracted -3.72% on its value in the past month.
D.R. Horton Inc., which has a market valuation of $48.46 billion, is expected to release its quarterly earnings report Apr 18, 2024. The company stock has a Forward Dividend ratio of 1.10, while the dividend yield is 0.75%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DHI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.33. The overview shows that DHI’s price is at present -6.97% off the SMA20 and -3.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.70, with weekly volatility standing at 2.49%. The indicator jumps to 2.20% when calculated based on the past 30 days. D.R. Horton Inc. (NYSE:DHI)’s beta value is holding at 1.66, while the average true range (ATR) indicator is currently reading 4.19.
An analysis of the D.R. Horton Inc. (NYSE:DHI) stock in terms of its daily trading volume indicates that the 3-month average is 2.58 million.
Current records show that the company has 334.85M in outstanding shares. The insiders’ percentage holdings are 11.96% of outstanding shares while the percentage share held by institutions stands at 85.43%. But the -3.90% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
