Dream Finders Homes (NYSE:DFH) Shares Climb 14% – Should You Buy?

Dream Finders Homes, Inc. (NYSE:DFH) shares shot up 14% on Wednesday. The company traded as high as $11.93 and last traded at $11.5110. Approximately 132,470 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 798,883 shares. The stock had previously closed at $10.10.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Stock Up 24.0%

The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 13.04 and a beta of 2.02. The stock has a fifty day moving average price of $11.21 and a two-hundred day moving average price of $14.69.

Dream Finders Homes (NYSE:DFH) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.22 EPS for the quarter. The business had revenue of $996.05 million for the quarter. Dream Finders Homes had a return on equity of 8.87% and a net margin of 2.56%.

Insider Activity at Dream Finders Homes

In other news, Director Richard Beckwitt acquired 10,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $12.07 per share, with a total value of $120,700.00. Following the completion of the transaction, the director directly owned 100,000 shares in the company, valued at approximately $1,207,000. This represents a 11.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have bought 103,000 shares of company stock worth $1,427,755 in the last ninety days. Insiders own 65.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DFH. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Dream Finders Homes by 193.1% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company’s stock worth $33,000 after purchasing an additional 2,043 shares in the last quarter. State of Wyoming bought a new stake in Dream Finders Homes during the first quarter valued at $54,000. Versant Capital Management Inc raised its holdings in shares of Dream Finders Homes by 59.4% during the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock worth $89,000 after purchasing an additional 1,913 shares during the period. Fulcrum Asset Management LLP lifted its position in shares of Dream Finders Homes by 16,803.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 11,156 shares of the company’s stock worth $123,000 after buying an additional 11,090 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Dream Finders Homes by 1,878.0% in the 1st quarter. Fifth Third Bancorp now owns 9,534 shares of the company’s stock valued at $133,000 after buying an additional 9,052 shares during the period. 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, 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.