Shares of Dream Finders Homes, Inc. (NYSE:DFH – Get Free Report) gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $14.84, but opened at $16.00. Dream Finders Homes shares last traded at $15.6160, with a volume of 84,254 shares trading hands.
Specifically, Director Richard Beckwitt purchased 12,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $14.80 per share, with a total value of $177,600.00. Following the completion of the transaction, the director owned 90,000 shares of the company’s stock, valued at approximately $1,332,000. This trade represents a 15.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Beckwitt acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $13.83 per share, with a total value of $110,640.00. Following the completion of the acquisition, the director owned 78,000 shares in the company, valued at approximately $1,078,740. The trade was a 11.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In other news, Director Richard Beckwitt bought 70,000 shares of Dream Finders Homes stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $13.95 per share, for a total transaction of $976,500.00. Following the completion of the acquisition, the director owned 70,000 shares of the company’s stock, valued at $976,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. Wall Street Zen lowered Dream Finders Homes from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.00.
Dream Finders Homes Trading Up 5.3%
The stock has a market capitalization of $1.42 billion, a PE ratio of 10.92 and a beta of 1.88. The business’s 50-day moving average is $15.34 and its two-hundred day moving average is $15.76.
Dream Finders Homes (NYSE:DFH – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.27 EPS for the quarter. The company had revenue of $1.06 billion for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.
Institutional Investors Weigh In On Dream Finders Homes
Large investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Dream Finders Homes during the 3rd quarter valued at about $39,000. Hantz Financial Services Inc. grew its position in Dream Finders Homes by 154.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company’s stock valued at $29,000 after acquiring an additional 1,015 shares in the last quarter. Larson Financial Group LLC grew its position in Dream Finders Homes by 4,853.5% in the third quarter. Larson Financial Group LLC now owns 3,517 shares of the company’s stock valued at $91,000 after acquiring an additional 3,446 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Dream Finders Homes by 11.9% during the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after purchasing an additional 402 shares during the period. Finally, State of Wyoming acquired a new position in shares of Dream Finders Homes during the first quarter worth $54,000. Institutional investors and hedge funds own 95.55% of the company’s stock.
About Dream Finders Homes
Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single‐family homes, townhomes and condominiums. The company operates a semi‐custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.
Since its founding in 2015, Dream Finders Homes has focused on master‐planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.
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