Dream Finders Homes (NYSE:DFH) Issues Earnings Results

Key Points

• Dream Finders Homes reported quarterly EPS of $0.22, with a net margin of 3.55% and return on equity of 10.38%.
• The stock rose 3.7% to $10.08 in mid-day trading, while remaining well below its 52-week high of $21.55; its market capitalization was approximately $914.6 million.
• Analysts maintain a consensus “Hold” rating, while insider buying continued as Director Richard Beckwitt purchased 70,000 shares and insiders acquired 103,000 shares in the latest quarter.

Dream Finders Homes (NYSE:DFH - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.22 EPS for the quarter, Zacks reports. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%.

Dream Finders Homes Trading Up 3.7%

Dream Finders Homes stock traded up $0.36 during mid-day trading on Thursday, hitting $10.08. 973,821 shares of the company's stock were exchanged, compared to its average volume of 795,206. The stock has a market cap of $914.59 million, a P/E ratio of 7.05 and a beta of 1.91. The stock has a 50 day moving average of $11.58 and a two-hundred day moving average of $14.88. Dream Finders Homes has a 1-year low of $7.30 and a 1-year high of $21.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Dream Finders Homes in a research report 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Insider Buying and Selling

In other news, Director Richard Beckwitt bought 70,000 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $13.95 per share, with a total value of $976,500.00. Following the transaction, the director directly owned 70,000 shares in the company, valued at approximately $976,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have acquired 103,000 shares of company stock valued at $1,427,755. Company insiders own 65.97% 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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