Insider Buying: Dream Finders Homes (NYSE:DFH) Director Buys $177,600.00 in Stock

Dream Finders Homes, Inc. (NYSE:DFH) Director Richard Beckwitt acquired 12,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $14.80 per share, for a total transaction of $177,600.00. Following the transaction, the director directly owned 90,000 shares of the company’s stock, valued at approximately $1,332,000. The trade was a 15.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Richard Beckwitt also recently made the following trade(s):

• On Wednesday, August 12th, Richard Beckwitt bought 8,000 shares of Dream Finders Homes stock. The stock was purchased at an average price of $13.83 per share, with a total value of $110,640.00.
• On Tuesday, August 11th, Richard Beckwitt bought 70,000 shares of Dream Finders Homes stock. The stock was purchased at an average price of $13.95 per share, with a total value of $976,500.00.

Dream Finders Homes Trading Up 5.1%

DFH stock opened at $15.59 on Friday. The stock has a market cap of $1.41 billion, a PE ratio of 10.90 and a beta of 1.88. Dream Finders Homes, Inc. has a 12 month low of $12.20 and a 12 month high of $31.50. The company has a 50-day moving average price of $15.36 and a 200 day moving average price of $15.75.

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

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC bought a new position in Dream Finders Homes in the 1st quarter worth about $4,800,000. Millennium Management LLC raised its stake in shares of Dream Finders Homes by 200.1% during the fourth quarter. Millennium Management LLC now owns 382,170 shares of the company’s stock valued at $6,535,000 after acquiring an additional 254,839 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $20,173,000 after acquiring an additional 234,899 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Dream Finders Homes by 73.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 460,844 shares of the company’s stock valued at $7,880,000 after purchasing an additional 195,742 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Dream Finders Homes in the second quarter valued at approximately $2,833,000. Institutional investors own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

DFH has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Dream Finders Homes in a research note on Friday, August 7th. Wall Street Zen cut Dream Finders Homes from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.00.

About Dream Finders Homes

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.