Dream Finders Homes (NYSE:DFH) Trading Up 10.8% – Here’s Why

Dream Finders Homes, Inc. (NYSE:DFH) was up 10.8% on Wednesday . The stock traded as high as $16.54 and last traded at $16.3360. Approximately 54,451 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 648,280 shares. The stock had previously closed at $14.75.

Wall Street Analyst Weigh In

A number of analysts have commented 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 lowered 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Stock Performance

The company’s 50 day moving average price is $14.58 and its 200-day moving average price is $16.56. The stock has a market cap of $1.52 billion, a P/E ratio of 9.72 and a beta of 1.85.

Dream Finders Homes (NYSE:DFH) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.15). Dream Finders Homes had a net margin of 4.16% and a return on equity of 12.65%. The firm had revenue of $887.84 million for the quarter.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds have recently modified their holdings of the company. Fifth Third Bancorp grew 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 valued at $25,000 after acquiring an additional 828 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Dream Finders Homes by 154.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company’s stock worth $29,000 after acquiring an additional 1,015 shares during the period. Advisory Services Network LLC purchased a new position in Dream Finders Homes in the third quarter worth $39,000. State of Wyoming purchased a new position in Dream Finders Homes in the first quarter worth $54,000. Finally, Larson Financial Group LLC grew its stake in Dream Finders Homes by 4,853.5% in the 3rd quarter. Larson Financial Group LLC now owns 3,517 shares of the company’s stock valued at $91,000 after purchasing an additional 3,446 shares during the period. Institutional investors own 95.55% of the company’s stock.

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.