Monthly Stock Report: D.R. Horton, Inc. (DHI)
Publication Date: September 22, 2024
Company Overview
D.R. Horton, Inc. (DHI), headquartered in Arlington, Texas, stands as a premier homebuilding company in the residential construction sector, facilitating various home types across 118 markets in 33 states. Founded in 1978, D.R. Horton operates under several brand names, including D.R. Horton, America’s Builder, and Express Homes, alongside offering mortgage financing and title insurance. With an impressive revenue of approximately $37.3 billion, the company significantly contributes to the U.S. housing market and is publicly traded, reflecting a strong foothold in the consumer cyclical space.
Market Sentiment and Financial Performance
The residential construction industry showcases promising investment potential, driven by ongoing demand for housing and rising infrastructure investments. Currently, D.R. Horton’s stock is priced at $191.89, with a target high price of $220.00, indicating a favorable outlook for substantial returns. Analysts have set a mean price target of $189.21, reflective of a cautious yet optimistic sentiment surrounding the stock. D.R. Horton exhibits stability with only 0.019% of its 325,839,008 shares outstanding reported as short, indicating strong investor confidence in the company’s performance.
Technical Analysis
D.R. Horton’s stock demonstrates significant positive momentum, currently trading close to its 52-week high of $199.85, a notable rise from its low of $100.08. The 50-day moving average stands at $180.00, reinforcing the bullish trend as the stock price exceeds both this average and its recent low point. With 17 analysts recommending a “buy” strategy and an average recommendation rating of 2.4, the consensus indicates a robust belief in the stock’s growth potential. This combination of strong market sentiment and financial performance positions D.R. Horton as an attractive investment opportunity within the residential construction sector, especially as demand for housing continues to rise.
| Metric | Value |
|---|---|
| Market Cap | $62.5b |
| Total Debt | $5.8b |
| Total Cash | $2.7b |
| Shares Outstanding | 325.8m |
| Float Shares | 321.1m |
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