DHI Stock Summary and Trading Ideas (D.R. Horton | NYSE:DHI)

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 April 18, 2024, DHI stock price climbed to $146.88 with 3,378,279 million shares trading.

DHI has a beta of 1.79, meaning it tends to be more sensitive to market movements. DHI has a correlation of 0.42 to the broad based SPY ETF.

DHI has a market cap of $48.74 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 $165.75 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 return of +48.8%, while the SPY ETF gained +22.1%. However, in the most recent history, DHI shares have underperformed the stock market with its stock returning -3.1% in the last 3 month period and -6.9% for the last 2 week period, while SPY has returned +5.9% and -4.0%, respectively.

DHI support price is $143.03 and resistance is $148.45 (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.