Dream Finders Homes (NYSE:DFH) Announces Earnings Results

Dream Finders Homes (NYSE:DFH) posted its earnings results on Thursday. The company reported $0.22 EPS for the quarter, Zacks reports. The business had revenue of $996.05 million for the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%.

Dream Finders Homes Stock Down 3.2%

Dream Finders Homes stock traded down $0.33 during trading on Friday, reaching $9.71. The stock had a trading volume of 473,864 shares, compared to its average volume of 793,063. The stock has a market cap of $881.34 million, a PE ratio of 6.82 and a beta of 1.91. The business has a 50 day moving average price of $11.48 and a 200 day moving average price of $14.83. Dream Finders Homes has a 52-week low of $7.30 and a 52-week high of $21.55.

Insider Buying and Selling at Dream Finders Homes

In other news, Director Richard Beckwitt purchased 10,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at $1,207,000. The trade was a 11.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 103,000 shares of company stock worth $1,427,755 in the last three months. 65.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

About Dream Finders Homes

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.