D.R. Horton, Inc. (DHI)
Consumer Cyclical · Residential Construction · Data as of 2026-10-22
Bottom line
DHI is trading near its usual valuation, near its historical resistance zone, and recent volume shows no clear direction. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Trading near its usual range (Yellow)
DHI trades at 13× earnings, above its own 5-year average of 9.7× and below similar consumer cyclical companies we track (19×, 50 peers). That is roughly what the market has typically paid for this stock. Its free-cash-flow yield is about 8.5%. Growth is slower than its 3-year pace, which deserves some caution. Its current multiple sits around the 79th percentile of its own last five years — toward the high end of its own range.
Price zones — Near its historical resistance zone (Red)
At $147.66, the stock is close to the upper end of its recent range. Over the past year DHI has traded between $130.40 and $170.79; its historical support zone sits near $141.12 and resistance near $147.81. It is above one of its moving averages and below the other — a mixed trend picture.
52-week range $130.40–$170.79 · 50-day average $141.12 · 200-day average $147.81
Money flow — No clear direction (Yellow)
Buying and selling volume in DHI have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 1.0× volume on down days over the last 30 sessions.
Dividends & company facts
DHI paid $1.80 a share in dividends over the past year — 1.2% of today's price — and has raised it in each of the last five years. It returned more through buybacks: $4.3 billion in fiscal 2025, about 11.0% of its market value.
- Dividend yield (12 months)
- 1.22%
- Paid over 12 months
- $1.80 a share
- Payout ratio
- 16.6%
- Buybacks
- 11.01% (fiscal 2025)
- Shares, past year
- -3.0%
- Revenue, 12 months
- $33.3B
- Profit, 12 months
- $3.1B
- Employees
- 14,341
- CEO
- Paul J. Romanowski
- Headquarters
- Arlington, TX
- Listed since
- 1992 · NYSE
About the company
Established in Arlington, Texas, in 1978, D.R. Horton, Inc. operates as a prominent residential construction enterprise.
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一句话结论
DHI 估值接近其惯常水平，接近其历史阻力区，近期成交量没有明确方向。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 处于其惯常的估值区间
DHI 目前的市盈率为 13×，高于其自身 5 年平均的 9.7×，并且低于我们追踪的同类Consumer Cyclical公司（19×，50 家）。这大致就是市场以往为这只股票所付出的水平。其自由现金流收益率约为 8.5%。增速已慢于其 3 年的平均步伐，这一点值得留意。它当前的估值倍数大约位于自身过去五年分布的第 79 百分位——处于自身区间的偏高位置。
价格区间 — 接近其历史阻力区
目前价格为 $147.66，接近其近期区间的上沿。过去一年 DHI 的价格在 $130.40 到 $170.79 之间波动；其历史支撑区在 $141.12 附近，阻力区在 $147.81 附近。它位于其中一条均线上方、另一条下方——趋势信号并不一致。
资金流向 — 方向不明确
DHI 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 1.0×。
股息与公司概况
DHI 过去一年每股派息 1.80 美元，相当于当前股价的 1.2%，过去五年每年都有上调。它通过回购返还了更多：2025 财年回购 42.8亿美元，约占市值的 11.0%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.