Dream Finders Homes (NYSE:DFH) Stock Dropped to "Strong Sell" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Dream Finders Homes from “Sell” to “Strong Sell,” while Weiss Ratings also lowered its rating; despite this, MarketBeat’s analyst consensus remains “Hold.”
• Dream Finders Homes reported quarterly EPS of $0.22 on revenue of about $996 million; shares opened at $12.40, within a 52-week range of $7.30 to $21.55.
• Company insiders bought 104,000 shares worth about $1.44 million over the past three months, and insiders collectively own nearly 66% of the stock.

Dream Finders Homes (NYSE:DFH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded Dream Finders Homes from a "sell (d+)" rating to a "sell (d)" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Dream Finders Homes Price Performance

Shares of NYSE:DFH opened at $12.40 on Friday. Dream Finders Homes has a one year low of $7.30 and a one year high of $21.55. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.28 and a beta of 2.02. The company has a 50 day moving average of $11.07 and a 200-day moving average of $14.58.

Dream Finders Homes (NYSE:DFH - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $996.05 million during 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 Dream Finders Homes news, Director Richard Beckwitt acquired 70,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $13.95 per share, with a total value of $976,500.00. Following the acquisition, the director owned 70,000 shares of the company's stock, valued at $976,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 104,000 shares of company stock worth $1,438,285 over the last three months. Insiders own 65.97% of the company's stock.

Hedge Funds Weigh In On Dream Finders Homes

Large investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in Dream Finders Homes by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company's stock valued at $26,125,000 after acquiring an additional 92,691 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Dream Finders Homes by 19.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company's stock valued at $20,173,000 after buying an additional 234,899 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Dream Finders Homes in the second quarter worth approximately $2,833,000. Bank of America Corp DE raised its position in shares of Dream Finders Homes by 51.5% during the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company's stock worth $2,034,000 after purchasing an additional 49,694 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Dream Finders Homes by 2.1% during the first quarter. Principal Financial Group Inc. now owns 139,944 shares of the company's stock worth $1,948,000 after acquiring an additional 2,899 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company's stock.

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.

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