Dream Finders Homes (NYSE:DFH) Sets New 12-Month Low – Here’s Why

Dream Finders Homes, Inc. (NYSE:DFH)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $11.76 and last traded at $11.9880, with a volume of 1097731 shares trading hands. The stock had previously closed at $12.92.

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 research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Dream Finders Homes presently has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Stock Performance

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 8.61 and a beta of 1.91. The company has a fifty day moving average of $14.70 and a two-hundred day moving average of $14.97.

Dream Finders Homes (NYSE:DFH) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.27 EPS for the quarter. The firm had revenue of $1.06 billion for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.

Insider Buying and Selling

In other Dream Finders Homes news, Director Richard Beckwitt acquired 70,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $13.95 per share, for a total transaction of $976,500.00. Following the purchase, the director directly owned 70,000 shares of the company’s stock, valued at $976,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought 93,000 shares of company stock worth $1,307,055 over the last 90 days. 65.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in DFH. Cooke & Bieler LP grew its position in Dream Finders Homes by 0.7% during the fourth quarter. Cooke & Bieler LP now owns 2,487,064 shares of the company’s stock worth $42,529,000 after buying an additional 16,946 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Dream Finders Homes by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after acquiring an additional 92,691 shares during the period. State Street Corp lifted its position in shares of Dream Finders Homes by 0.4% during the 4th quarter. State Street Corp now owns 1,545,418 shares of the company’s stock valued at $26,427,000 after acquiring an additional 6,032 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Dream Finders Homes by 19.3% during 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 during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Dream Finders Homes by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock worth $11,728,000 after purchasing an additional 41,117 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

About Dream Finders Homes

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.