Dream Finders Homes (NYSE:DFH) Trading 8.8% Higher – Still a Buy?

Dream Finders Homes, Inc. (NYSE:DFH) shares rose 8.8% on Friday . The company traded as high as $15.80 and last traded at $15.9110. Approximately 77,916 shares were traded during trading, a decline of 88% from the average session volume of 650,066 shares. The stock had previously closed at $14.63.

Analyst Upgrades and Downgrades

DFH has been the subject of several recent research reports. Wall Street Zen downgraded Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings cut Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.00.

Dream Finders Homes Stock Up 9.0%

The stock’s 50 day simple moving average is $15.38 and its two-hundred day simple moving average is $16.23. The company has a market cap of $1.46 billion, a PE ratio of 9.27 and a beta of 1.85.

Dream Finders Homes (NYSE:DFH) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.15). The firm had revenue of $887.84 million during the quarter. Dream Finders Homes had a net margin of 4.16% and a return on equity of 12.65%.

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds have recently made changes to their positions in DFH. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dream Finders Homes in the first quarter worth about $4,800,000. Millennium Management LLC boosted its holdings in Dream Finders Homes by 200.1% in the 4th quarter. Millennium Management LLC now owns 382,170 shares of the company’s stock worth $6,535,000 after acquiring an additional 254,839 shares during the period. Dimensional Fund Advisors LP lifted 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 worth $20,173,000 after purchasing an additional 234,899 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Dream Finders Homes by 73.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 460,844 shares of the company’s stock worth $7,880,000 after purchasing an additional 195,742 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Dream Finders Homes by 50.0% in the fourth quarter. Invesco Ltd. now owns 447,880 shares of the company’s stock valued at $7,659,000 after purchasing an additional 149,231 shares during the period. Hedge funds and other institutional investors 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.