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7 Stocks to Buy For the Current Housing Boom in 2021 - 1 of 7

 
#1 - D.R. Horton (NYSE:DHI)

D.R. Horton logo

The first stock we’ll look at is one of the premium homebuilder stocks. D.R. Horton (NYSE:DHI) has climbed off its March lows and is now trading at a record high. The stock is up nearly 50% for the year.

To put that into perspective, the stock was up 8% in the early summer. New home construction is surging. In late July, the company reported revenue of $5.39 billion. The fact that this was higher than the prior quarter is not surprising. However, on a year-over-year (YOY) basis, that revenue was also significantly higher.

That’s just the top line. On the bottom line, DHI reported a 36% YOY gain. And if analysts are any indication, the stock still has higher to go.

It will be difficult for the company to repeat that strong growth in the future. However, since September, DHI stock has received price target upgrades from three analyst firms. The lowest of the three is projecting $81 per share, and the highest offer a price forecast of $90. Both would mark a significant gain from the stock’s current price of around $77 per share.         

About D.R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. Read More 

Current Price: $96.29
Consensus Rating: Buy
Ratings Breakdown: 18 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $93.14 (3.3% Downside)





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