DR Horton (NYSE:DHI) hit a new 52-week high Friday as it is currently trading at $22.56, above its previous 52-week high of $22.48 with 952,509 shares traded as of 9:50 a.m. ET. Average volume has been 6.9 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- DR Horton (NYSE: DHI) hit a new 52-week high Friday as it is currently trading at $22.56, above its previous 52-week high of $22.48 with 952,509 shares traded as of 9:50 a.m. ET. Average volume has been 6.9 million shares over the past 30 days. DR Horton has a market cap of $7.09 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 76.2% 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 8.6, below the average materials & construction industry P/E ratio of 8.7 and below the S&P 500 P/E ratio of 17.7.
ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
TheStreet Ratings rates DR Horton as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full DR Horton Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.