#6 - D.R. Horton (NYSE:DHI)
D.R. Horton Inc. (NYSE: DHI) is one of the leading names among homebuilder stocks. This is another sector that’s likely to get a boost from lower interest rates. Not that 2023 was all that shabby. The industry is catching up to supply chain issues that brought it to a standstill in 2020 and much of 2021.
The game of catchup is underway, and D.R. Horton appears to be one of the beneficiaries. DHI stock is up 17.8% in the last 12 months, driven largely by a gain of over 60% from October 2023 through March 2024. Interestingly, Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.B) purchased nearly 6 million shares of DHI stock in August 2023 but sold them by the end of the year.
The reason for that could be reflected in the analyst ratings for DHI stock that shows a consensus price with approximately 12% upside. However, two recent analyst opinions have a significantly higher price target, which suggests there could be stronger growth ahead.
About D.R. Horton
D.R. Horton, Inc 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 118 markets across 33 states under the names of D.R.
Read More - Current Price
- $162.46
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $185.87 (14.4% Upside)
