Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate DR Horton Inc before investing.

In this article, we go over a few key elements for understanding DR Horton Inc’s stock price such as:

• DR Horton Inc’s current stock price and volume
• Why DR Horton Inc’s stock price changed recently
• Upgrades and downgrades for DHI from analysts
• DHI’s stock price momentum as measured by its relative strength

About DR Horton Inc (DHI)

Before we jump into DR Horton Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

D.R. Horton, Inc. is a homebuilding company. The Company is primarily engaged in the acquisition and development of land and the construction and sale of residential homes. Its segments include Homebuilding, Rental, Forestar, Financial Services, and Other. The Company’s Homebuilding segment designs, builds and sells single-family detached homes on lots they develop and on fully developed lots purchased ready for home construction. The Rental segment consists of single-family and multi-family rental operations. The single-family rental operations primarily construct and lease single-family homes within a community and then market each community for a bulk sale of rental homes. The Forestar segment is a residential lot development company. The Financial services segment provides mortgage financing, title agency services and title insurance to homebuyers in many of the Company’s homebuilding markets. In addition, it also conducts insurance-related operations.

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DR Horton Inc’s Stock Price as of Market Close

As of July 18, 2024, 4:00 PM, CST, DR Horton Inc’s stock price was $173.42.

DR Horton Inc is up 10.1% from its previous closing price of $157.51.

During the last market session, DR Horton Inc’s stock traded between $157.09 and $162.22. Currently, there are 330.90 million shares of DR Horton Inc stock available for purchase.

DR Horton Inc’s price-earnings (P/E) ratio is currently at 10.7, which is low compared to the Homebuilding industry median of 10.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

DR Horton Inc Stock Price History

DR Horton Inc’s (DHI) price is currently up 23.05% so far this month.

During the month of July, DR Horton Inc’s stock price has reached a high of $177.47 and a low of $133.02.

Over the last year, DR Horton Inc has hit prices as high as $165.75 and as low as $100.08. Year to date, DR Horton Inc’s stock is up 94.55%.

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What Caused DR Horton Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 17, 2024, there were 3 analysts who downgraded DR Horton Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate DR Horton Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on DR Horton Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

DR Horton Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about DR Horton Inc (DHI) by visiting AAII Stock Evaluator.

Relative Price Strength of DR Horton Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 17, 2024, DR Horton Inc has a weighted four-quarter relative price strength of 0.80%, which translates to a Momentum Score of 68 and is considered to be Strong.

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DR Horton Inc Stock Price: Bottom Line

As of July 18, 2024, DR Horton Inc’s stock price is $173.42, which is up 10.1% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like DR Horton Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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