Rep. Josh Gottheimer Purchases Shares of D.R. Horton, Inc. (NYSE:DHI)

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

DHI stock traded down $1.17 on Friday, reaching $158.51. The company's stock had a trading volume of 2,265,463 shares, compared to its average volume of 2,181,553. D.R. Horton, Inc. has a 52 week low of $133.02 and a 52 week high of $199.85. 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 company has a market capitalization 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. The firm has a fifty day moving average of $174.54 and a two-hundred day moving average of $168.59.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.45 EPS. As a group, analysts predict that D.R. Horton, Inc. will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

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

Institutional Trading of D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton during the third quarter valued at approximately $1,853,178,000. FMR LLC raised its stake in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Geode Capital Management LLC raised its stake in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company's stock valued at $1,351,435,000 after purchasing an additional 21,073 shares during the period. Greenhaven Associates Inc. lifted its holdings in shares of D.R. Horton by 2.3% in the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company's stock valued at $517,198,000 after purchasing an additional 81,900 shares in the last quarter. Finally, Smead Capital Management Inc. boosted its position in shares of D.R. Horton by 3.5% in the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company's stock worth $480,106,000 after buying an additional 84,835 shares during the period. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.74% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DHI shares. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Citigroup dropped their target price on D.R. Horton from $186.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Raymond James lowered D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Evercore ISI dropped their price objective on D.R. Horton from $218.00 to $204.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Finally, UBS Group cut their price objective on D.R. Horton from $217.00 to $214.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $185.87.

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.

D.R. Horton Company Profile

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.