DR Horton Reaches New 52-Week High (DHI)

NEW YORK ( TheStreet) -- DR Horton (NYSE: DHI) hit a new 52-week high Friday as it is currently trading at $16.55, above its previous 52-week high of $16.45 with three million shares traded as of 11:50 a.m. ET. Average volume has been 8.3 million shares over the past 30 days.

DR Horton has a market cap of $5 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 27.9% year to date as of the close of trading on Thursday.

D.R. Horton, Inc. operates as a homebuilding company in the United States. The company's Homebuilding segment engages in the acquisition and development of land, and construction and sale of residential homes in 25 states and 73 markets in the United States primarily under the D.R. The company has a P/E ratio of 37.4, below the average materials & construction industry P/E ratio of 40.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates DR Horton as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full DR Horton Ratings Report.

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