Dream Finders Homes (NYSE:DFH) Shares Up 9.1% – Should You Buy?
by Michael Walen · The Markets DailyDream Finders Homes, Inc. (NYSE:DFH – Get Free Report)’s share price traded up 9.1% during mid-day trading on Tuesday. The company traded as high as $9.42 and last traded at $9.44. 299,951 shares were traded during trading, a decline of 61% from the average session volume of 769,872 shares. The stock had previously closed at $8.65.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dream Finders Homes in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Dream Finders Homes presently has a consensus rating of “Hold”.
Dream Finders Homes Trading Up 9.3%
The firm has a market capitalization of $857.80 million, a P/E ratio of 6.60 and a beta of 1.91. The firm has a 50-day moving average of $12.23 and a two-hundred day moving average of $13.97.
Dream Finders Homes (NYSE:DFH – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.27 earnings per share (EPS) for the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%. The company had revenue of $1.06 billion for the quarter.
Insider Buying and Selling
In other Dream Finders Homes news, Director Richard Beckwitt purchased 10,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of $12.07 per share, with a total value of $120,700.00. Following the completion of the acquisition, the director directly owned 100,000 shares in the company, valued at $1,207,000. This trade represents a 11.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 103,000 shares of company stock worth $1,427,755 over the last 90 days. Insiders own 65.97% of the company’s stock.
Institutional Trading of Dream Finders Homes
Several hedge funds and other institutional investors have recently bought and sold shares of DFH. Dimensional Fund Advisors LP raised its stake in shares of Dream Finders Homes by 19.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock valued at $20,173,000 after buying an additional 234,899 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dream Finders Homes in the first quarter valued at approximately $4,800,000. Janus Henderson Group PLC raised its position in Dream Finders Homes by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock worth $26,125,000 after acquiring an additional 92,691 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Dream Finders Homes in the second quarter valued at about $2,833,000. Finally, Bank of America Corp DE grew its holdings in Dream Finders Homes by 51.5% in the first quarter. Bank of America Corp DE now owns 146,119 shares of the company’s stock valued at $2,034,000 after purchasing an additional 49,694 shares during the period. Institutional investors own 95.55% of the company’s stock.
Dream Finders Homes Company Profile
Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company offers a range of home plans and options intended for first-time, move-up and luxury buyers, with homes typically sold through a build-to-order model as well as from completed inventory. Its operations also include the development and acquisition of residential lots for use in its homebuilding activities.
Founded in 2008, Dream Finders Homes has expanded through organic growth and acquisitions into multiple housing markets across the United States.