Dream Finders Homes, Inc. (NYSE:DFH) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts rate Dream Finders Homes “Hold” on average: Of seven analysts, two recommend selling, four rate it a hold, and one gives it a strong-buy rating. Their average 12-month price target is $26.00.
• Shares have fallen to $12.51, near the company’s 12-month low of $11.76 and below its 50-day and 200-day moving averages. The company recently reported quarterly earnings of $0.27 per share on $1.06 billion in revenue.
• Insiders and institutions remain significant shareholders: Insiders own 65.97% of the stock and purchased 103,000 shares over the past three months, while institutional investors own 95.55%.

Shares of Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $26.00.

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Dream Finders Homes in a report on Friday, August 7th.

Dream Finders Homes Trading Down 1.5%

NYSE:DFH opened at $12.51 on Wednesday. The stock has a fifty day simple moving average of $14.54 and a 200-day simple moving average of $14.85. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 8.75 and a beta of 1.91. Dream Finders Homes has a twelve month low of $11.76 and a twelve month high of $30.34.

Dream Finders Homes (NYSE:DFH - Get Free Report) last announced 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 during the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%.

Insiders Place Their Bets

In other news, Director Richard Beckwitt bought 10,000 shares of the stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of $12.07 per share, for a total transaction of $120,700.00. Following the acquisition, the director owned 100,000 shares of the company's stock, valued at $1,207,000. This represents a 11.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders acquired 103,000 shares of company stock worth $1,427,755. Insiders own 65.97% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DFH. Dimensional Fund Advisors LP raised its stake in 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 worth $20,173,000 after buying an additional 234,899 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Dream Finders Homes in the 1st quarter valued at $4,800,000. Janus Henderson Group PLC increased its holdings in shares of 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. Bank of New York Mellon Corp bought a new position in shares of Dream Finders Homes in the 2nd quarter worth $2,833,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Dream Finders Homes by 24,680.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 94,663 shares of the company's stock worth $1,619,000 after acquiring an additional 94,281 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company's stock.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, builds and sells single-family homes. The company offers both build-to-order and speculative homes, serving a range of buyers through communities developed in suburban and metropolitan markets.

In addition to home construction, Dream Finders Homes provides related services through affiliated businesses, including mortgage lending and title services. Its homebuilding operations are concentrated in several U.S. markets, primarily across the Southeast, Mid-Atlantic, Texas and Colorado, with offerings that vary by local market and community.

The company was founded in 2008 and is headquartered in Jacksonville, Florida.

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