28-Mar-2024
Mortgage rates marginally down
Seeking Alpha News (Thu, 28-Mar 12:18 PM ET)
D.R. Horton, Inc. to Release 2024 Second Quarter Earnings on April 18, 2024
Business Wire (Tue, 12-Mar 2:00 PM ET)
D.R. Horton, Inc. to Present at the Citi 2024 Global Industrial Tech and Mobility Conference
Business Wire (Tue, 13-Feb 2:00 PM ET)
Business Wire (Tue, 23-Jan 6:30 AM ET)
D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
D.R. Horton trades on the NYSE stock market under the symbol DHI.
As of March 28, 2024, DHI stock price climbed to $164.55 with 1,544,594 million shares trading.
DHI has a beta of 1.62, meaning it tends to be more sensitive to market movements. DHI has a correlation of 0.36 to the broad based SPY ETF.
DHI has a market cap of $54.60 billion. This is considered a Large Cap stock.
Last quarter D.R. Horton reported $8 billion in Revenue and $2.82 earnings per share. This beat revenue expectation by $126 million and missed earnings estimates by -$.06.
In the last 3 years, DHI stock traded as high as $165.21 and as low as $59.25.
The top ETF exchange traded funds that DHI belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
DHI has outperformed the market in the last year with a price return of +73.8% while the SPY ETF gained +33.6%. However, in the short term, DHI had mixed performance relative to the market. It has underperformed in the last 3 months, returning +8.6% vs +10.1% return in SPY. But in the last 2 weeks, DHI shares have fared better than the market returning +6.0% compared to SPY +1.7%.
DHI support price is $159.35 and resistance is $164.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DHI stock will trade within this expected range on the day.