Dream Finders Homes (NYSE:DFH) Stock Jumps 9.1% – Still a Buy?

Dream Finders Homes, Inc. (NYSE:DFH)’s stock price shot up 9.1% during trading on Tuesday. The company traded as high as $9.42 and last traded at $9.44. Approximately 299,951 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 769,872 shares. The stock had previously closed at $8.65.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Stock Performance

The firm has a market cap of $817.57 million, a PE ratio of 6.30 and a beta of 1.91. The company’s 50-day simple moving average is $12.04 and its two-hundred day simple moving average is $13.90.

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 net margin of 3.55% and a return on equity of 10.38%. The firm 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 company’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $12.07 per share, with a total value of $120,700.00. Following the completion of the purchase, the director directly owned 100,000 shares of the company’s stock, valued at $1,207,000. The trade was a 11.11% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 103,000 shares of company stock valued at $1,427,755 over the last ninety days. Company insiders own 65.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Dream Finders Homes by 19.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock valued at $20,173,000 after purchasing an additional 234,899 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Dream Finders Homes in the first quarter worth $4,800,000. Janus Henderson Group PLC grew its stake 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 purchasing an additional 92,691 shares during the period. Bank of New York Mellon Corp bought a new position in Dream Finders Homes in the second quarter worth $2,833,000. Finally, Bank of America Corp DE raised 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 worth $2,034,000 after purchasing an additional 49,694 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.

Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.

In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.