DHI - D.R. Horton: Looking Like 'Dead Money' At Best

2024-04-26 06:40:11 ET

Summary

• The stock of D.R. Horton, a major home builder, has seen some recent weakness due to rising mortgage rates, but is still up 40% from its October lows.
• The home builder delivered stellar Q2 results last week, but the company faces headwinds from increasing rates and declining housing affordability.
• An analysis around D.R. Horton follows in the paragraphs below.

Today, we put well-known and major home builder D.R. Horton, Inc. ( DHI ) in the spotlight. The stock has seen some recent weakness as average 30-year mortgage rates have moved through the seven percent level. Still, the shares are still up 40% from their lows in late October and the equity saw some noticeable insider selling in March. Where will the stock move from here? An analysis follows below....

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