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

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 business has a 50-day moving average of $153.12 and a two-hundred day moving average of $168.80. 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 capitalization of $46.67 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 EPS. As a group, equities analysts predict that D.R. Horton, Inc. will post 14.03 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. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date 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 annualized dividend and a yield of 1.10%. D.R. Horton’s payout ratio is currently 11.14%.

Analyst Ratings Changes

DHI has been the subject of several research reports. BTIG Research cut their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com lowered shares of D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $176.53.

Read Our Latest Analysis on D.R. Horton

Institutional Trading of D.R. Horton

Large investors have recently bought and sold shares of the business. TCI Wealth Advisors Inc. boosted its stake in shares of D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd boosted its position in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after buying an additional 66 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of D.R. Horton by 1.9% during the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock worth $695,000 after buying an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after buying an additional 72 shares in the last quarter. Finally, Demars Financial Group LLC boosted its holdings in shares of D.R. Horton by 3.5% during the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after acquiring an additional 74 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was 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 SEC, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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

(Get Free Report)

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.

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