Dream Finders Homes (NYSE:DFH) Shares Gap Up – Time to Buy?

Dream Finders Homes, Inc. (NYSE:DFH)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $7.42, but opened at $7.82. Dream Finders Homes shares last traded at $8.4610, with a volume of 406,935 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Dream Finders Homes in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Dream Finders Homes presently has a consensus rating of “Hold”.

Dream Finders Homes Stock Performance

The company has a market cap of $794.02 million, a price-to-earnings ratio of 6.12 and a beta of 1.91. The business’s 50 day moving average price is $12.34 and its 200-day moving average price is $14.00.

Dream Finders Homes (NYSE:DFH) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.27 earnings per share (EPS) for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%. The firm had revenue of $1.06 billion during the quarter.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt bought 10,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at approximately $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 103,000 shares of company stock worth $1,427,755 in the last quarter. 65.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds have recently added to or reduced their stakes in DFH. Illinois Municipal Retirement Fund raised its position in Dream Finders Homes by 9.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 17,761 shares of the company’s stock worth $247,000 after purchasing an additional 1,527 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Dream Finders Homes by 59.4% during the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock worth $89,000 after acquiring an additional 1,913 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Dream Finders Homes by 37.5% during the second quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock valued at $173,000 after acquiring an additional 2,728 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Dream Finders Homes by 2.1% during the first quarter. Principal Financial Group Inc. now owns 139,944 shares of the company’s stock valued at $1,948,000 after acquiring an additional 2,899 shares during the period. Finally, State of Wyoming bought a new position in Dream Finders Homes in the first quarter valued at about $54,000. Institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

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.