The U.S. housing market is locked in a paradox of sorts. Homebuilders have too many unsold properties in hand now, but the U.S. is still suffering from a housing shortage. The only apparent way to bring an equilibrium is for homebuilders to turn inconveniences into opportunities during downturns. If this narrative is anything to go by, two stocks that will be in line to benefit most are Toll Brothers (NYSE:TOL) and DR Horton (NYSE:DHI). The correcting housing market may also provide several upsides to the stocks. Let us see what they are. Build-to-Rent Trend Gathers Steam The “Pandemic Boom” in the U.S. housing market is about to go bust.
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Well, folks, the talk of the week has certainly been about the Federal Open Market Committee (FOMC) meeting this past Wednesday. As we talked about on Thursday , the Federal Reserve voted unanimously to raise key interest rates by 75 basis points for the third-straight time. The Fed’s decision on Wednesday was, of course, fully expected. I was hoping for a 100-basis-point increase, but the Fed doesn’t listen to me! What was a little surprising was that the Fed revealed it wants to get the Fed Funds rate to 4.25% by year end. So, we can expect another 75-basis-point hike in November and a 50-basis-point increase in December. And then the Fed is going to hold rates at that level for an extended period of time until they make sure that inflation is defeated. The reality is the Fed has done a number on the market. They are purposely deflating assets, stocks, real estate – anything sensitive to interest rates. And, simply put, folks, what the Fed is doing destroys the housing market. In today’s Market 360, we’re going to talk about what the Fed’s rate increases mean for the housing market… and what it means for homebuilder stocks.
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Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of D.R. Horton, Inc. by 13.6% during the second quarter, according to the company in its most…
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In recent trading session, D.R. Horton Inc. (NYSE:DHI) saw 1.02 million shares changing hands at last check today with its beta currently measuring 1.60. Company’s recent per share price level of $71.11 trading at -$0.23 or -0.32% at last check today assigns it a market valuation of $24.27B. That most recent trading price of DHI’s … D.R. Horton Inc. (NYSE:DHI) Has Recovered -18.87% To Date, But An Additional -55.32% Is Possible. Read More »
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U.S. gold futures traded higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. Corebridge Financial The Trade: Corebridge Financial, Inc. (NYSE: CRBG ) 10% owner American International … Full story available on Benzinga.com
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D.R. Horton with ticker code (DHI) have now 18 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 120 and 70 and has a mean target at 92.28. With the stocks previous close at 71.12 this would imply there is a potential upside of 29.8%. The 50 day moving average now sits at 74.39 and the 200 day MA is 80.18. The company has a market capitalisation of $25,397m. You can visit the company''s website by visiting: https://www.drhorton.com [stock_market_widget type="chart" template="basic" color="green" assets="DHI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $32,954m based on the market concensus. D.R. Horton operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.
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DHI, LEN, NVR: Housing Stocks to Watch as Rising Mortgage Rates Shake Buyers'' Confidence TipRanks
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Homebuilder stocks have gotten crushed so far in 2022, but one Wall Street analyst said Monday now is the time for investors to buy the dip. The Analyst: KeyBanc analyst Kenneth Zener has issued the following homebuilder stock upgrades: D R Horton Inc (NYSE: DHI ) upgraded from Sector Weight to Overweight with an $84 price target. KB Home (NYSE: KBH ) upgraded from Underweight to Sector Weight. Lennar Corporation (NYSE: LEN ) upgraded from Sector Weight to Overweight with an $89 price target. Meritage Homes Corp (NYSE: MTH ) upgraded from Sector Weight to Overweight with an $87 price target. PulteGroup, Inc. (NYSE: PHM ) upgraded from Sector Weight to Overweight with a $47 price target. Toll Brothers Inc (NYSE: TOL ) upgraded from Underweight to Sector Weight. TopBuild Corp (NYSE: BLD ) upgraded from Sector Weight to Overweight with a $205 price target Related Link: Treasury Bond Yields Hit 11-Year Highs As Investors … Full story available on Benzinga.com
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KeyBanc Capital Markets analyst Kenneth Zener upgraded seven homebuilder stocks even as higher interest rates make home purchases less affordable for many consumers."On balance we…
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Rising interest rates are cooling off the U.S. housing market. The average interest rate on a 30-year mortgage, the most popular U.S. home loan, has risen to 6% for the first time since the 2008 financial crisis. Consequently, mortgage loan applications in the U.S. are down 64% from this time last year. Higher interest rates are impacting the entire housing sector, with new home sales falling to a six-year low in July. Home resales are sitting at a two-year low. New residential construction across the U.S. fell 9.6% in July from June, according to the latest data from the U.S. Department of Housing and Urban Development. Most industry analysts forecast more pain ahead as the Federal Reserve is widely expected to continue lifting interest rates throughout the remainder of this year and into 2023 to dampen inflation. As the entire real estate market heads south , here are three housing stocks to sell now. RKT Rocket Companies $7.44 DHI D.R. Horton $70.48 RDFN Redfin $7.47 Rocket Companies (RKT) Source: Lori Butcher / Shutterstock.com Even before the current market downturn, Detroit-based Rocket Companies (NYSE: RKT ) wasn’t a good investment.
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A share of D.R. Horton Inc. (NYSE:DHI) closed at $69.00 per share on Wednesday, down from $69.22 day before. While D.R. Horton Inc. has underperformed by -0.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DHI fell by -21.48%, with highs and lows ranging from $110.45 […]
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A share of D.R. Horton Inc. (NYSE:DHI) closed at $72.07 per share on Thursday, up from $71.09 day before. While D.R. Horton Inc. has overperformed by 1.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DHI fell by -21.15%, with highs and lows ranging from $110.45 […]
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Jeff Kilburg, KKM Financial founder and CEO, joins ''Power Lunch'' to discuss Kilburg''s investing take on three stocks: Disney, Lam Research and DR Horton.
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D.R. Horton found using ticker (DHI) now have 18 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 120 and 70 with the average target price sitting at 94.67. Given that the stocks previous close was at 71.33 this would indicate that there is a potential upside of 32.7%. The 50 day MA is 74.03 and the 200 day moving average is 81.62. The company has a market cap of $24,803m. You can visit the company''s website by visiting: https://www.drhorton.com [stock_market_widget type="chart" template="basic" color="green" assets="DHI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $32,919m based on the market concensus. D.R. Horton operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.
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In the current trading session, D.R. Horton Inc.’s (DHI) stock is trading at the price of $71.56, a fall of -0.51% over last night’s close. So, the stock is trading at a price that is -35.21% less than its 52-week high of $110.45 and 20.78% better than its 52-week low of $59.25. Based on the […]
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Fortune released some data on Aug. 24 about the impending housing market crash. Over 183 housing markets in the U.S. could see home prices drop by 20% if a recession hits. If that happens, the worst stocks to hold at that point would be anything related to residential real estate, except for owners and builders of multi-family residential. So, which housing-related industries will suffer more than others? Real estate brokers would continue to be affected as higher mortgage rates reduce the number of sale transactions. If consumers shy away from buying newly constructed homes, home buyers could also feel the pinch, and of course, the businesses that supply home builders with the products necessary to build the homes could also be hurt. Some are probably already feeling the heat. With the Federal Reserve Chair saying on Aug. 26 that the Fed would have to raise interest rates higher for longer to dampen inflation, industries reliant on housing are all but certain to take a beating in the near term.
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D.R. Horton exhibits an impressive growth record, sufficient profitability, strategic geographic positioning and diverse product offerings. See why I''m bullish on DHI stock.
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While no guarantees of a housing market crash exist, investors may need to start considering sector-related stocks to sell. Primarily, it’s no longer amateur doom-and-gloom luminaries broadcasting bearishness. Instead, the National Association of Realtors confirmed what the National Association of Home Builders admitted : residential real estate has entered a recession . Per a CNBC report, home sales slipped 6% sequentially from June to July. Further, sales dropped about 20% from the same period one year earlier. However, not everyone has their hair on fire regarding real estate-related stocks to sell. “In terms of economic impact we are surely in a housing recession because builders are not building,” said Lawrence Yun, chief economist for the Realtors. “However, are homeowners in a recession? Absolutely not. Homeowners are still very comfortable financially.” Admittedly, I’m not sure what Yun is getting at. Ultimately, the labor market determines whether homeowners will succumb to a recession.
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D.R. Horton''s stock is cheap at 7x earnings. Its most recent earnings show net income increased 53%. See my price target for DHI and why I rate it a Buy.
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The housing market enters a recession … don’t expect prices to drop much … checking in on our ITB homebuilders trade … be wary in the short-term While there’s debate about whether the economy is in a recession, there’s one sector that officially fits the bill… Housing. From Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB): Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession. Yesterday, we learned that the National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points this month to 49. The index has now seen eight straight monthly declines. The word “recession” comes into play due to the sub-50 reading. Anything about 50 is positive, anything below is negative. This negative reading is the first one since the start of the Covid pandemic. Prior to that, there hasn’t been a negative reading since June 2014. Meanwhile, this morning we learned that U.S. homebuilding fell to the lowest level in nearly one-and-a-half years.
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D.R. Horton Inc. (NYSE:DHI) traded at $79.12 at close of the session on Wednesday, August 10, made an upward move of 5.61% on its previous day’s price. Looking at the stock we see that its previous close was $74.92 and the beta (5Y monthly) reads 1.60 with the day’s price range being $74.745 – $77.29. … What Is The Outlook For D.R. Horton Inc. (NYSE: DHI) Like For Short-Term? Read More »
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Related Stocks: ORLY , DOX , CSCO , AMAT , DHI ,
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As soaring inflation continues to impose a dark cloud over American families, the Federal Reserve seemingly had little choice but to lift the benchmark federal funds rate, which effectively raises borrowing costs. However, this action also sucks the incentivization out of growth-oriented businesses, meaning that some companies will invariably represent stocks to sell. It’s not personal, it’s just monetary policy. The latter point is especially important if you’re going to continue reading this pessimistic piece on stocks to sell. Inherently, with arguably most Americans preferring optimism over pessimism, the idea of giving up on investments arouses strong emotions. I get that. However, with the paradigm shift in monetary policy — that being the recent 75 basis point hike in the benchmark interest rate — investors must acknowledge reality. In short, higher borrowing costs shine a glaring spotlight on big-ticket items. We’re talking homes, cars, planes, boats — yes, even the mighty blockchain.
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The trading price of D.R. Horton Inc. (NYSE:DHI) floating lower at last check on Wednesday, August 03, closing at $73.45, -0.96% lower than its previous close. Traders who pay close attention to intraday price movement should know that it has been fluctuating between $74.04 and $77.87. The company’s P/E ratio in the trailing 12-month period … D.R. Horton Inc.’s (NYSE: DHI) Stock Forecast: Increase To $120.00 In A Year Read More »
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D.R. Horton found using ticker (DHI) have now 18 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 120 and 70 calculating the mean target price we have 94.67. Given that the stocks previous close was at 78.03 this is indicating there is a potential upside of 21.3%. The day 50 moving average is 71.32 and the 200 day MA is 83.55. The company has a market cap of $27,183m. Visit the company website at: https://www.drhorton.com [stock_market_widget type="chart" template="basic" color="green" assets="DHI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $32,980m based on the market concensus. D.R. Horton operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.
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Related Stocks: NLOK , MSFT , DHI , SBUX , SWKS ,
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Looking at the universe of stocks we cover at Dividend Channel, on 8/3/22, Horton Inc (Symbol: DHI), KB Home (Symbol: KBH), and NextEra Energy Partners LP (Symbol: NEP) will all trade ex-dividend for their respective upcoming dividends. Horton Inc will pay its quarterly divide
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D.R. Horton (NYSE: DHI ) has outperformed the market over the past 15 years by 3.56% on an annualized basis producing an average annual return of 10.67%. Currently, D.R. Horton has a market capitalization of $26.79 billion. Buying $100 In DHI: If … Full story available on Benzinga.com
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Shares of D.R. Horton Inc. inched 0.59% higher to $78.31 Thursday, on what proved to be an all-around favorable trading session for the stock market, with…
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Rising housing costs have resulted in many would-be buyers being priced out of homeownership. Homebuilder PulteGroup said 15% of its contracts fell through in the second quarter of this year. Other builders like D.R. Horton have also seen an uptick in home cancellations. Inflation and interest rate hikes are driving up the cost of housing — and it''s causing many would-be homebuyers to put their homeownership dreams on pause. As buyers get cold feet , some of the nation''s largest homebuilders are seeing their production volumes fall while their cancellation rates rise. PulteGroup, a residential home construction company based in Atlanta, Georgia, is just one of many. The homebuilder''s net new orders were down 23% from the same time period in 2021, it reported in its second-quarter earnings call Tuesday. The cancellation rate of 15% was up from 7% just a year ago. Although Pulte maintained a mostly positive outlook, there are signs that buyer behavior is impacting their operations. During Q2, the dollar value of its net new orders decreased by 8% from 2021 to $3.9 billion.
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Demand should cool down with rising mortgage rates, but the housing inventory shortage should act as support for D.R. Horton. Click here to read why it''s a buy.
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This article is excerpted from Tom Yeung’s Profit & Protection newsletter dated July 26, 2022. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Source: 2jenn / Shutterstock.com Two weeks ago, I warned investors about stresses in the housing market: “Since 1890, changes in the interest rate have explained nearly a quarter of home price moves over a decade… Investors should brace themselves for decelerating prices.” Right on cue, America’s largest homebuilder, DR Horton ( DHI ) announced another set of guidance cuts. It now plans to sell just 83,000 to 85,000 homes this year, 9,000 fewer than originally expected. It was an obvious call. Rising mortgage rates mean that monthly payments for new homes are 50% more than they would have been six months ago; DR Horton’s deal cancellation rate sits at 24%, compared to 17% a year earlier. And investors should be worried about homebuilders. Over three-quarters of U.S houses begin construction without a sale contract, according to the Census Bureau.
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D.R. Horton with ticker code (DHI) now have 19 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 120 and 70 calculating the mean target price we have 96.21. Given that the stocks previous close was at 77.39 this is indicating there is a potential upside of 24.3%. There is a 50 day moving average of 70.38 while the 200 day moving average is 83.71. The market capitalisation for the company is $26,178m. You can visit the company''s website by visiting: https://www.drhorton.com [stock_market_widget type="chart" template="basic" color="green" assets="DHI" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $32,544m based on the market concensus. D.R. Horton operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.
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Value stocks have underperformed growth stocks over the past decade or so. This is due to the cheap financing available to hyper-growth businesses. Moreover, investors employed a risk-on approach towards stock picking. However, the tables have turned this year, with investors looking to find the best value stocks trading at a discount. Inflation remains at a 40-year high, while the Federal Reserve has tightened it’s monetary which has compelled investors to rotate out of growth stocks. The inflated valuations of several of the most popular growth stocks have forced investors to take shelter in businesses with attractive fundamentals and lower share prices. 7 Best Reddit Stocks to Buy Now Hence, investors must hunt for the top value stocks trading at discounts with massive upside potential. EXPE Expedia $ Expedia ABBV AbbVie $148.55 TGT Target $159.2 LEG Leggett & Platt $39.1 BCS Barclays $7.68 URI United Rentals $280 DHI D.R. Horton $77.6 Expedia ( EXPE ) Source: NYC Russ / Shutterstock.com Online-travel booking giant Expedia (NASDAQ: EXPE ) recently reported its first-quarter results, reflecting a business recovery.
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DR Horton Inc. (NYSE: DHI) Q3 2022 earnings call dated Jul. 21, 2022|
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DR Horton Inc. (NYSE: DHI) Q3 2022 earnings call dated Jul. 21, 2022 Corporate Participants: Jessica Hansen — Vice President of Investor Relations And Communications David V. Auld — President And Chief Executive Officer […] The post DR Horton Inc. (DHI) Q3 2022 Earnings Call Transcript first appeared on AlphaStreet .
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https://www.investing.com/news/pro/dr-horton-pt-lowered-to-95-at-jmp-securities-432SI-2851319
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Generals always fight the last war. That''s why as US economic weakness creeps in, so many people are predicting another housing collapse. There''s a long laundry list of why it won''t happen starting with houshold balance sheets and lending practices but it seems like everywhere I turn, someone is saying prices are about to crash. That doesn''t mean that some frothy markets like Austin or Miami (or Boise) won''t see some price depreciation as bidding wars end but it''s still a market that comes down to supply and demand. The US hasn''t been building nearly enough houses for a decade and millennials are at the peak home-buying time. In any case, there''s no need to take my word for it. The largest US home builder -- D.R. Horton -- lowered its sales forecast to 83,000 and 85,000 homes this year versus 88,000 and 90,000 previously so there''s certainly a drag but it came with this commetnary from CEO and President David Auld: There''s still more housing formations, job creations than there are homes being built.
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DHI earnings call for the period ending June 30, 2022.
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Horton Inc (Symbol: DHI), where a total volume of 23,528 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4
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D. R. Horton (DHI) is scheduled to announce Q3 earnings results on Thursday, July 21st, before market open.
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D.R. Horton (NYSE: DHI ) is set to give its latest quarterly earnings report on Thursday, 2022-07-21. Here''s what investors need to know before the announcement. Analysts estimate that D.R. Horton will report an earnings per share (EPS) of $4.49. D.R. Horton bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
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Palm Valley Capital Management, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here.
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There’s another busy week ahead, so let’s take a market minute to get ahead of the three things you should be dialed in on. First we have the last of the big banks reporting today, Goldman Sachs (NYSE: GS ) and Bank of America (NYSE: BAC ) are set to release quarterly results this morning. But this week we also have IBM (NYSE: IBM ), Netflix (NASDAQ: NFLX ), JB Hunt (NASDAQ: JBHT ), Tesla (NASDAQ: TSLA ), AT&T (NYSE: T ), DR Horton … Full story available on Benzinga.com
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D.R. Horton, Inc. (NYSE:DHI) is a Texas-based homebuilding company that constructs and sells residential homes under the D.R.
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Thursday''s top analyst upgrades and downgrades included Advanced Micro Devices, Alphabet, Amazon.com, Digital Ocean, D.R. Horton, Freeport-McMoRan, Intel, Nvidia, Rivian Automotive, Tesla and Twitter.
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This article is excerpted from Tom Yeung’s Profit & Protection newsletter. To make sure you don’t miss any of Tom’s picks, subscribe to his mailing list here . Even Doctors Are Worried About Housing Costs… “Hey Tom, I’m thinking of moving to Long Island City,” an old New York friend admitted to me this weekend. “New York’s Upper East Side just isn’t worth it anymore…” I was stunned. A medical doctor… dual-income family… no kids… and still worried about housing prices? Yet, exorbitant housing prices have hit everyone, from the average worker to career professionals. The average rent in the U.S. crossed over $2,000 for the first time in May, according to Redfin (NASDAQ: RDFN ). A renter must now land in the top 16% to 21% of U.S. incomes to meet the typical “28% of gross income” housing guideline. And then it dawned on me that my friend was right. In New York’s Upper East Side — a neighborhood where rents have risen 51% in the past year — the average house now lists for $1.5 million, according to Realtor.com.
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CENTENNIAL, Colo., July 12, 2022 /PRNewswire/ -- DHI Group, Inc. (NYSE: DHX) ("DHI" or the "Company") today announced that it will report financial results for its second quarter ended June 30th, 2022 on Wednesday, August 3, 2022, after the close of the market. Art Zeile, President and…
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Founded in 1978, D.R. Horton, Inc. (NYSE: DHI) has grown to become one of the largest home builders, by volume, in the United States. Its growth is evident from the approximately 375.2% increase in the number of home closings from 2011 to 2021. Revenues of the company have grown by 22.5% CAGR in the last 10 fiscal years. On TipRanks, the Street looks impressed with the company’s prospects and has a Strong Buy consensus rating based on 10 Buys and three Holds. DHI’s average price forecast is pegged at $89.12, suggesting 23.7% upside potential from current levels. In the last five years, shares of this $25.5-billion company have increased 105.42%.
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Someone with a lot of money to spend has taken a bearish stance on D.R. Horton (NYSE: DHI ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with DHI, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 33 uncommon options trades for D.R. Horton. This isn''t normal. The overall sentiment of these big-money traders is split between 48% bullish and 51%, bearish. Out of all of the special options we uncovered, 27 are puts, for a total amount of $2,926,197, and 6 are calls, for a total amount of $374,479. What''s The Price Target? Taking into account the Volume and … Full story available on Benzinga.com
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