Dream Finders Homes (NYSE:DFH) Trading Up 10.9% – Here’s Why

Dream Finders Homes, Inc. (NYSE:DFH)’s share price was up 10.9% during trading on Wednesday . The stock traded as high as $15.75 and last traded at $15.8440. 57,910 shares changed hands during trading, a decline of 91% from the average daily volume of 658,388 shares. The stock had previously closed at $14.29.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.00.

Dream Finders Homes Stock Up 8.6%

The company’s fifty day simple moving average is $15.36 and its two-hundred day simple moving average is $15.68. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.85 and a beta of 1.88.

Dream Finders Homes (NYSE:DFH) last announced its quarterly 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 during the quarter.

Insiders Place Their Bets

In other Dream Finders Homes news, Director Richard Beckwitt bought 70,000 shares of Dream Finders Homes stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost 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 in the company, valued at approximately $976,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders bought 90,000 shares of company stock worth $1,264,740 in the last 90 days. Insiders own 69.12% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds have recently modified their holdings of DFH. Royal Bank of Canada grew its position in shares of Dream Finders Homes by 39.3% in the 1st quarter. Royal Bank of Canada now owns 10,275 shares of the company’s stock valued at $232,000 after purchasing an additional 2,898 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dream Finders Homes by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company’s stock worth $374,000 after buying an additional 681 shares during the period. Goldman Sachs Group Inc. raised its holdings in Dream Finders Homes by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock worth $11,728,000 after buying an additional 41,117 shares during the period. Creative Planning bought a new position in Dream Finders Homes in the second quarter valued at approximately $206,000. Finally, American Century Companies Inc. bought a new position in Dream Finders Homes in the second quarter valued at approximately $789,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

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.