D.R. Horton (NYSE:DHI) Shares Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of D.R. Horton, Inc. (NYSE:DHI). In a filing disclosed on December 05th, the Representative disclosed that they had bought between $1,001 and $15,000 in D.R. Horton stock on November 1st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 11/29/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/27/2024.
• Sold $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 11/27/2024.
• Sold $1,001 – $15,000 in shares of Vertiv (NYSE:VRT) on 11/27/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/26/2024.
• Purchased $1,001 – $15,000 in shares of Dominion Energy (NYSE:D) on 11/26/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/26/2024.
• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 11/25/2024.
• Sold $1,001 – $15,000 in shares of ConocoPhillips (NYSE:COP) on 11/22/2024.
• Purchased $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 11/22/2024.

D.R. Horton Stock Performance

NYSE DHI traded down $1.17 on Friday, reaching $158.51. The stock had a trading volume of 2,265,463 shares, compared to its average volume of 2,181,553. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm has a fifty day moving average of $175.18 and a two-hundred day moving average of $168.39. D.R. Horton, Inc. has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a market cap of $50.91 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. D.R. Horton’s payout ratio is presently 11.14%.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent analyst reports. Bank of America upped their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Barclays dropped their price objective on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Evercore ISI dropped their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Citigroup dropped their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target of $185.87.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently made changes to their positions in DHI. Oddo BHF Asset Management Sas acquired a new stake in D.R. Horton during the third quarter worth approximately $713,000. American Trust acquired a new stake in D.R. Horton during the third quarter worth approximately $3,399,000. Peapack Gladstone Financial Corp grew its stake in D.R. Horton by 41.7% during the third quarter. Peapack Gladstone Financial Corp now owns 23,586 shares of the construction company’s stock worth $4,500,000 after purchasing an additional 6,936 shares during the period. Synovus Financial Corp grew its stake in D.R. Horton by 5.1% during the third quarter. Synovus Financial Corp now owns 10,288 shares of the construction company’s stock worth $1,963,000 after purchasing an additional 501 shares during the period. Finally, Tidal Investments LLC grew its stake in D.R. Horton by 22.2% during the third quarter. Tidal Investments LLC now owns 44,659 shares of the construction company’s stock worth $8,520,000 after purchasing an additional 8,107 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.