Dream Finders Homes (NYSE:DFH) Director Richard Beckwitt Purchases 70,000 Shares of Stock

Key Points

• Director Richard Beckwitt purchased 70,000 Dream Finders Homes shares at an average $13.95 each, investing $976,500; he also bought an additional 20,000 shares in two subsequent transactions.
• DFH traded at $14.87, with a market capitalization of about $1.35 billion, after reporting quarterly earnings of $0.27 per share and revenue of $1.06 billion.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and a $26 target price, while 95.55% of shares are held by institutions and hedge funds.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) Director Richard Beckwitt bought 70,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $13.95 per share, with a total value of $976,500.00. Following the acquisition, the director directly owned 70,000 shares of the company's stock, valued at approximately $976,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richard Beckwitt also recently made the following trade(s):

• On Thursday, August 13th, Richard Beckwitt purchased 12,000 shares of Dream Finders Homes stock. The shares were bought at an average price of $14.80 per share, with a total value of $177,600.00.
• On Wednesday, August 12th, Richard Beckwitt acquired 8,000 shares of Dream Finders Homes stock. The stock was purchased at an average cost of $13.83 per share, with a total value of $110,640.00.

Dream Finders Homes Price Performance

NYSE DFH traded up $0.48 during trading hours on Thursday, reaching $14.87. The company's stock had a trading volume of 544,211 shares, compared to its average volume of 664,260. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.40 and a beta of 1.88. The company's 50-day moving average is $15.33 and its two-hundred day moving average is $15.79. Dream Finders Homes, Inc. has a 1-year low of $12.20 and a 1-year high of $31.50.

Dream Finders Homes (NYSE:DFH - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $1.06 billion for the quarter. Dream Finders Homes had a return on equity of 10.38% and a net margin of 3.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DFH. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Dream Finders Homes in a research note on Friday, August 7th. Wall Street Zen cut Dream Finders Homes from a "hold" rating to a "sell" rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.00.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently modified their holdings of DFH. Advisory Services Network LLC purchased a new stake in Dream Finders Homes in the 3rd quarter valued at approximately $39,000. Hantz Financial Services Inc. grew its stake 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 buying an additional 1,015 shares during the period. Larson Financial Group LLC increased its holdings 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 in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Dream Finders Homes by 11.9% during the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company's stock valued at $95,000 after purchasing an additional 402 shares during the period. Finally, State of Wyoming purchased a new position in Dream Finders Homes in the 1st quarter valued at about $54,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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