1,193 institutions hold shares in D.R. Horton Inc. (DHI), with 36.29M shares held by insiders accounting for 9.98% while institutional investors hold 91.91% of the company’s shares. The shares outstanding are 364.40M, and float is at 331.92M with Short Float at 1.85%. Institutions hold 82.74% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 35.71 million shares valued at $2.46 billion. The investor’s holdings represent 9.82% of the DHI Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 33.68 million shares valued at $2.32 billion to account for 9.26% of the shares outstanding. The other top investors are FMR, LLC which holds 17.27 million shares representing 4.75% and valued at over $1.19 billion, while Sanders Capital, Llc holds 4.28% of the shares totaling 15.57 million with a market value of $1.07 billion.
D.R. Horton Inc. (NYSE: DHI) is 34.42% higher on its value in year-to-date trading and has touched a low of $31.20 and a high of $91.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DHI stock was last observed hovering at around $91.05 in the last trading session, with the day’s gains setting it 1.59% off its average median price target of $94.50 for the next 12 months. It is also 18.02% off the consensus price target high of $113.00 offered by 19 analysts, but current levels are -21.89% lower than the price target low of $76.00 for the same period.
Currently trading at $92.64, the stock is 9.61% and 14.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 1.75% at the moment leaves the stock 28.16% off its SMA200. DHI registered 184.17% gain for a year compared to 6-month loss of 19.47%. The firm has a 50-day simple moving average (SMA 50) of $81.79 and a 200-day simple moving average (SMA200) of $75.49.
The stock witnessed a 23.83% gain in the last 1 month and extending the period to 3 months gives it a 34.42%, and is 3.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 3.83% over the month.
D.R. Horton Inc. (DHI) has around 9716 employees, a market worth around $32.98B and $22.22B in sales. Current P/E ratio is 12.52 and Fwd P/E is 9.18. Profit margin for the company is 12.30%. Distance from 52-week low is 196.92% and 1.61% from its 52-week high. The company has generated returns on investments over the last 12 months (14.80%).
D.R. Horton Inc. (DHI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for D.R. Horton Inc. (DHI) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
D.R. Horton Inc. is expected to release its quarterly report on 08/03/2021 and quarterly earnings per share for the current quarter are estimated at $2.17 with sales reaching $6.12B over the same period.The EPS is expected to grow by 49.50% this year, but quarterly earnings will post 27.70% year-over-year. Quarterly sales are estimated to grow 36.00% in year-over-year returns.
D.R. Horton Inc. (DHI) Insider Activity
A total of 91 insider transactions have happened at D.R. Horton Inc. (DHI) in the last six months, with sales accounting for 40 and purchases happening 51 times. The most recent transaction is an insider sale by Hewatt Michael W, the company’s Director. SEC filings show that Hewatt Michael W sold 5,000 shares of the company’s common stock on Mar 23 at a price of $85.30 per share for a total of $0.43 million. Following the sale, the insider now owns 5342.0 shares.
D.R. Horton Inc. disclosed in a document filed with the SEC on Mar 17 that BUCHANAN MICHAEL R (Director) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Mar 17 and was made at $82.94 per share for $0.25 million. Following the transaction, the insider now directly holds 2812.0 shares of the DHI stock.
Still, SEC filings show that on Mar 15, Allen Barbara K (Director) disposed off 449 shares at an average price of $82.90 for $37224.0. The insider now directly holds 5,650 shares of D.R. Horton Inc. (DHI).
D.R. Horton Inc. (DHI): Who are the competitors?
The company’s main competitors (and peers) include M/I Homes Inc. (MHO) that is trading 342.25% up over the past 12 months and PulteGroup Inc. (PHM) that is 172.01% higher over the same period. Toll Brothers Inc. (TOL) is 241.79% up on the 1-year trading charts. Short interest in the company’s stock has risen 16.91% from the last report on Feb 11, 2021 to stand at a total of 5.11 million short shares sold with a short interest ratio of 1.78.