DR Horton Inc. DHI Stock Analysis

DR Horton Inc. stock trades under the ticker DHI & has shown recent bullishness that traders & investors should research further into.

DHI stock closed at $94.94/share on 3/9/2023.

DR Horton Inc. DHI Stock’s Technical Performance Broken Down

DR Horton Inc. DHI Stock's Technical Performance Over The Past Year
DR Horton Inc. DHI Stock’s Technical Performance Over The Past Year

DHI Stock Price: $94.94

10 Day Moving Average: $92.10

50 Day Moving Average: $94.40

200 Day Moving Average: $79.61

RSI: 53.3

MACD: -0.693

Yesterday, DHI stock completed a bullish MACD crossover, gaining +1.23% on the day’s session.

Recent trading volumes have been slightly above average compared to the year prior & their RSI is neutral, but yesterday’s gap up with a shooting star candlestick implies that there will be near-term losses.

For this reason, it is smartest to wait & see how DHI stock’s support levels of $94.40 (50 day moving average), $92.22 & $92.10 (10 day moving average), while they try to break out & above their $103.88 resistance level.

DR Horton Inc. DHI Stock As A Long-Term Investment

Long-term oriented investors will like DHI stock’s valuation metrics, with a 5.68 P/E (ttm) & a 1.56 P/B (mrq).

Prospective investors may want to look into their recently reported 2.9% Quarterly Revenue Growth Y-o-Y, as well as their -16% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will also require a more thorough examination, with $2.39B of Total Cash (mrq) & $5.75B of Total Debt (mrq).

DHI stock pays a 0.99% dividend, which appears to be sustainable in the long-run, as their payout ratio is 5.75%.

88.82% of DHI stock’s outstanding share float is owned by institutional investors.

DR Horton Inc. DHI Stock As A Short-Term Trade Using Options

Traders with shorter time horizons can trade options to profit from DHI stock’s price movements, while protecting their portfolio from volatlity.

I am looking at the contracts with the 4/21 expiration date.

The $92.50, $90, $87.50 & $85 call options are all in-the-money, listed from most to least liquid strike.

The $100, $95 & $97.50 puts are also all in-the-money, listed from highest to lowest level of open interest.

Tying It All Together

DHI stock has many unique characteristics that traders & investors are sure to like.

Investors will like their stable dividend, as well as their valuation metrics, but may want to look further into their balance sheet.

Traders will like their recent technical performance, as well as how liquid their options are.

All-in-all, it is worth taking a closer look into DHI stock to see how it fits into your portfolio strategy.

*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS OF DHI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***