DR Horton (DHI) Rising Before The Market Opens
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified DR Horton as such a stock due to the following factors:
- DHI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $177.8 million.
- DHI traded 59,343 shares today in the pre-market hours as of 8:00 AM.
- DHI is up 3.5% today from Friday's close.
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More details on DHI:
D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 79 markets in the United States under the names of D.R. The stock currently has a dividend yield of 0.8%. DHI has a PE ratio of 16. Currently there are 5 analysts that rate DR Horton a buy, no analysts rate it a sell, and 9 rate it a hold.
The average volume for DR Horton has been 6.1 million shares per day over the past 30 days. DR Horton has a market cap of $10.8 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 1.06 and a short float of 9.2% with 5.17 days to cover. Shares are up 16.2% year-to-date as of the close of trading on Friday.
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Analysis:
rates DR Horton as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 9.4%. Since the same quarter one year prior, revenues rose by 37.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 87.50% and other important driving factors, this stock has surged by 30.60% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, DHI should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- D R HORTON INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, D R HORTON INC increased its bottom line by earning $1.51 versus $1.34 in the prior year. This year, the market expects an improvement in earnings ($2.02 versus $1.51).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Household Durables industry. The net income increased by 95.6% when compared to the same quarter one year prior, rising from $113.20 million to $221.40 million.
- Net operating cash flow has significantly increased by 215.96% to $357.40 million when compared to the same quarter last year. In addition, D R HORTON INC has also vastly surpassed the industry average cash flow growth rate of -144.79%.
- You can view the full DR Horton Ratings Report.
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