Key Points
- Director Richard Beckwitt bought 10,000 Dream Finders Homes shares at an average price of $12.07, investing $120,700 and increasing his direct ownership to 100,000 shares. This follows additional purchases totaling 90,000 shares in August.
- Dream Finders Homes shares opened at $12.75, near their 52-week low of $11.76 and well below the 52-week high of $30.34. The company reported quarterly revenue of $1.06 billion and earnings of $0.27 per share.
- Institutional investors own 95.55% of the stock, while analyst sentiment remains mixed: the consensus rating is “Hold,” with a $26.00 average price target and ratings ranging from Strong Buy to Sell.
Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) Director Richard Beckwitt bought 10,000 shares of the stock in a transaction that occurred on 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 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 available through this link.
Richard Beckwitt also recently made the following trade(s):
- On Thursday, August 13th, Richard Beckwitt bought 12,000 shares of Dream Finders Homes stock. The stock was purchased at an average price of $14.80 per share, for a total transaction of $177,600.00.
- On Wednesday, August 12th, Richard Beckwitt bought 8,000 shares of Dream Finders Homes stock. The shares were purchased at an average cost of $13.83 per share, with a total value of $110,640.00.
- On Tuesday, August 11th, Richard Beckwitt purchased 70,000 shares of Dream Finders Homes stock. The shares were purchased at an average price of $13.95 per share, with a total value of $976,500.00.
Dream Finders Homes Stock Performance
Shares of NYSE:DFH opened at $12.75 on Tuesday. The company has a market cap of $1.16 billion, a P/E ratio of 8.91 and a beta of 1.91. The stock's 50-day moving average is $14.62 and its 200-day moving average is $14.89. Dream Finders Homes, Inc. has a 52-week low of $11.76 and a 52-week high of $30.34.
Dream Finders Homes (NYSE:DFH - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.27 earnings per share for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.The business had revenue of $1.06 billion during the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its position in shares of Dream Finders Homes by 1,564.5% during the second quarter. California State Teachers Retirement System now owns 442,132 shares of the company's stock valued at $7,631,000 after buying an additional 415,570 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Dream Finders Homes during the first quarter valued at about $4,800,000. Dimensional Fund Advisors LP raised its holdings in Dream Finders Homes by 19.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company's stock valued at $20,173,000 after acquiring an additional 234,899 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Dream Finders Homes in the 2nd quarter valued at approximately $2,833,000. Finally, UBS Group AG raised its holdings in Dream Finders Homes by 171.6% in the 4th quarter. UBS Group AG now owns 187,760 shares of the company's stock valued at $3,211,000 after acquiring an additional 118,632 shares in the last quarter. Institutional investors own 95.55% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Dream Finders Homes in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.00.
Read Our Latest Research Report on Dream Finders Homes
Dream Finders Homes Company Profile
(
Get Free Report)
Dream Finders Homes, Inc is a residential homebuilder that designs, builds and sells single-family homes. The company offers both build-to-order and speculative homes, serving a range of buyers through communities developed in suburban and metropolitan markets.
In addition to home construction, Dream Finders Homes provides related services through affiliated businesses, including mortgage lending and title services. Its homebuilding operations are concentrated in several U.S. markets, primarily across the Southeast, Mid-Atlantic, Texas and Colorado, with offerings that vary by local market and community.
The company was founded in 2008 and is headquartered in Jacksonville, Florida.
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