Understanding the Risks of Investing in D.R. Horton Inc. (DHI)


D.R. Horton Inc.’s recently made public that its Director BUCHANAN MICHAEL R unloaded Company’s shares for reported $0.21 million on Aug 07. In the deal valued at $127.03 per share,1,639 shares were sold. As a result of this transaction, BUCHANAN MICHAEL R now holds 470 shares worth roughly $ 53711.6.

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Then, WHEAT BILL W sold 32,000 shares, generating $3,769,994 in total proceeds. Upon selling the shares at $117.81, the EVP and CFO now owns 219,115 shares.

Before that, Romanowski Paul J sold 40,000 shares. D.R. Horton Inc. shares valued at $4,486,524 were divested by the EVP and COO at a price of $112.16 per share. As a result of the transaction, Romanowski Paul J now holds 84,268 shares, worth roughly $9.63 million.

Raymond James upgraded its D.R. Horton Inc. [DHI] rating to an Outperform from a a Mkt perform in a research note published on Tuesday. PT values the company’s stock at a premium of 28.57 to its Tuesday closing price.

Price Performance Review of DHI

On Tuesday, D.R. Horton Inc. [NYSE:DHI] saw its stock fall -4.91% to $114.28. On the same session, the stock had its day’s lowest price of $113.89, but rose to a high of $119.87. Over the last five days, the stock has lost -1.16%. D.R. Horton Inc. shares have risen nearly 28.20% since the year began. Nevertheless, the stocks have risen 60.21% over the past one year. While a 52-week high of $132.30 was reached on 07/20/23, a 52-week low of $66.01 was recorded on 03/02/23. SMA at 50 days reached $122.57, while 200 days put it at $104.42. A total of 3.27 million shares were traded, compared to the trading of 1.84 million shares in the previous session.

Levels Of Support And Resistance For DHI Stock

The 24-hour chart illustrates a support level at 112.16, which if violated will result in even more drops to 110.03. On the upside, there is a resistance level at 118.14. A further resistance level may holdings at 121.99. The Relative Strength Index (RSI) on the 14-day chart is 38.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.55%. Stochastics %K at 37.35% indicates the stock is a holding.

How much short interest is there in D.R. Horton Inc.?

A steep rise in short interest was recorded in D.R. Horton Inc. stocks on Aug 14, 2023, dropping by 20000.0 shares to a total of 7.49 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.51 million shares. There was a decline of -0.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.6.

D.R. Horton Inc. [DHI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 33,484,284 shares, or roughly 9.90% of the outstanding DHI shares. In other words, the investor’s shares have fallen by -394,243 from its previous 13-F filing of 33878527.0. Additionally, Capital Research & Management Co decreased -21.15% of its stake after which the total value it holdings stand at $3,928,842,410, while BlackRock Fund Advisors added 7.21% of its stake to hold $2.6 billion in the firm. Over the last quarter, Capital Research & Management Co sold -11,501,600 shares of D.R. Horton Inc., while SSgA Funds Management, Inc. sold 14,009 shares. At present, Geode Capital Management LLC is holding 6,615,559 shares valued at $840.31 million. Berkshire Hathaway, Inc. owned 5,969,714 shares of the company at the time of its most recent 13F filing, worth $758.27 million.


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