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

Representative Josh Gottheimer (D-New Jersey) recently sold shares of D.R. Horton, Inc. NYSE: DHI. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in D.R. Horton stock on December 16th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

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

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

D.R. Horton Stock Up 1.6 %

Shares of D.R. Horton stock opened at $145.47 on Thursday. 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 50-day moving average of $153.12 and a 200 day moving average of $168.80. The firm has a market cap of $46.67 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton, Inc. has a 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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 firm's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 14.03 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton's dividend payout ratio (DPR) is currently 11.14%.

Wall Street Analyst Weigh In

DHI has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. UBS Group decreased their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Finally, StockNews.com cut shares of D.R. Horton from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of "Hold" and an average price target of $176.53.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HB Wealth Management LLC boosted its position in shares of D.R. Horton by 2.8% in the fourth quarter. HB Wealth Management LLC now owns 10,424 shares of the construction company's stock worth $1,458,000 after purchasing an additional 280 shares during the period. Sanibel Captiva Trust Company Inc. boosted its position in shares of D.R. Horton by 15.6% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 7,341 shares of the construction company's stock worth $1,026,000 after purchasing an additional 991 shares during the period. Somerset Trust Co boosted its position in shares of D.R. Horton by 47.8% in the fourth quarter. Somerset Trust Co now owns 2,213 shares of the construction company's stock worth $309,000 after purchasing an additional 716 shares during the period. Merit Financial Group LLC boosted its position in shares of D.R. Horton by 110.5% in the fourth quarter. Merit Financial Group LLC now owns 3,212 shares of the construction company's stock worth $449,000 after purchasing an additional 1,686 shares during the period. Finally, Avanza Fonder AB bought a new position in shares of D.R. Horton in the fourth quarter worth approximately $4,555,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company's 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 this hyperlink. Company insiders own 0.54% 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.