Dream Finders Homes (NYSE:DFH) Trading 10.1% Higher – Should You Buy?

Dream Finders Homes, Inc. (NYSE:DFH)’s stock price shot up 10.1% during trading on Wednesday . The company traded as high as $13.81 and last traded at $13.8410. 512,845 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 656,674 shares. The stock had previously closed at $12.57.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DFH shares. Weiss Ratings lowered Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Wall Street Zen cut Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.00.

Dream Finders Homes Stock Up 10.1%

The company has a market cap of $1.27 billion, a P/E ratio of 8.06 and a beta of 1.85. The firm’s 50-day moving average price is $14.35 and its 200-day moving average price is $17.30.

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

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in shares of Dream Finders Homes by 11.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after purchasing an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dream Finders Homes by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company’s stock worth $374,000 after purchasing an additional 681 shares during the period. Fifth Third Bancorp increased its holdings in shares of Dream Finders Homes by 701.7% in the third quarter. Fifth Third Bancorp now owns 946 shares of the company’s stock worth $25,000 after purchasing an additional 828 shares during the period. Creative Planning raised its position in shares of Dream Finders Homes by 10.2% in the third quarter. Creative Planning now owns 9,028 shares of the company’s stock worth $234,000 after buying an additional 832 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Dream Finders Homes by 4.9% during the third quarter. Victory Capital Management Inc. now owns 18,166 shares of the company’s stock valued at $471,000 after buying an additional 854 shares during the period. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

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.