Dream Finders Homes (NYSE:DFH) Issues Earnings Results

Dream Finders Homes (NYSE:DFH) released its quarterly earnings data on Thursday. The company reported $0.22 EPS for the quarter, Zacks reports. Dream Finders Homes had a return on equity of 8.89% and a net margin of 2.56%. The company had revenue of $996.05 million for the quarter.

Dream Finders Homes Stock Down 2.2%

Shares of DFH stock traded down $0.22 during trading hours on Friday, reaching $9.82. 1,047,003 shares of the stock traded hands, compared to its average volume of 1,746,756. Dream Finders Homes has a 1-year low of $7.30 and a 1-year high of $21.55. The business has a fifty day moving average price of $11.38 and a 200 day moving average price of $14.78. The firm has a market capitalization of $890.87 million, a PE ratio of 10.23 and a beta of 1.91.

Insider Transactions at Dream Finders Homes

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Dream Finders Homes Company Profile

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.