Dream Finders Homes (NYSE:DFH) Stock Price Down 5.2% – What’s Next?

Dream Finders Homes, Inc. (NYSE:DFH) traded down 5.2% during trading on Tuesday. The stock traded as low as $10.33 and last traded at $10.38. 124,553 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 797,194 shares. The stock had previously closed at $10.95.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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 issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Dream Finders Homes Stock Down 7.7%

The stock has a market cap of $916.73 million, a P/E ratio of 10.53 and a beta of 1.91. The firm has a 50 day moving average price of $11.30 and a 200 day moving average price of $14.74.

Dream Finders Homes (NYSE:DFH) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.22 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 $996.05 million for the quarter.

Insider Activity

In other news, Director Richard Beckwitt bought 10,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of $12.07 per share, for a total transaction of $120,700.00. Following the acquisition, the director owned 100,000 shares of the company’s stock, valued at $1,207,000. The trade was a 11.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have bought 103,000 shares of company stock valued at $1,427,755. 65.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund boosted its position in Dream Finders Homes by 9.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 17,761 shares of the company’s stock valued at $247,000 after acquiring an additional 1,527 shares in the last quarter. Versant Capital Management Inc grew its stake in Dream Finders Homes by 59.4% in the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock valued at $89,000 after purchasing an additional 1,913 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Dream Finders Homes by 193.1% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company’s stock worth $33,000 after purchasing an additional 2,043 shares in the last quarter. GAMMA Investing LLC raised its holdings in Dream Finders Homes by 37.5% in the second quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock worth $173,000 after purchasing an additional 2,728 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Dream Finders Homes by 2.1% in the first quarter. Principal Financial Group Inc. now owns 139,944 shares of the company’s stock worth $1,948,000 after purchasing an additional 2,899 shares in the last quarter. 95.55% of the stock is currently owned by 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.