Bank of New York Mellon Corp Buys New Shares in Dream Finders Homes, Inc. $DFH

Key Points

• Bank of New York Mellon bought 164,146 shares of Dream Finders Homes worth approximately $2.83 million, taking a 0.18% stake. Institutional investors collectively own 95.55% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $26.00; Weiss Ratings reiterated a “sell (d+)” rating.
• DFH shares opened at $13.78, well below their 12-month high of $31.50. The homebuilder reported quarterly EPS of $0.27 on revenue of $1.06 billion, while insiders bought 93,000 shares worth roughly $1.31 million during the quarter.

Bank of New York Mellon Corp purchased a new position in shares of Dream Finders Homes, Inc. (NYSE:DFH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 164,146 shares of the company's stock, valued at approximately $2,833,000. Bank of New York Mellon Corp owned 0.18% of Dream Finders Homes at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in shares of Dream Finders Homes by 154.0% in the 4th quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company's stock valued at $29,000 after buying an additional 1,015 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Dream Finders Homes during the third quarter worth approximately $39,000. State of Wyoming purchased a new stake in shares of Dream Finders Homes during the first quarter worth approximately $54,000. Versant Capital Management Inc increased its stake in shares of Dream Finders Homes by 59.4% during the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company's stock worth $89,000 after buying an additional 1,913 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Dream Finders Homes by 4,853.5% in the third quarter. Larson Financial Group LLC now owns 3,517 shares of the company's stock valued at $91,000 after acquiring an additional 3,446 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Dream Finders Homes in a research note on Friday, August 7th. One 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 company. According to MarketBeat, Dream Finders Homes has a consensus rating of "Hold" and an average target price of $26.00.

Dream Finders Homes Price Performance

NYSE:DFH opened at $13.78 on Monday. Dream Finders Homes, Inc. has a 12 month low of $12.20 and a 12 month high of $31.50. The firm has a market capitalization of $1.25 billion, a PE ratio of 9.64 and a beta of 1.91. The business's fifty day moving average price is $15.10 and its 200 day moving average price is $15.21.

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

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt bought 12,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $177,600.00. Following the completion of the purchase, the director directly owned 90,000 shares in the company, valued at $1,332,000. This trade represents a 15.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders bought 93,000 shares of company stock worth $1,307,055. 65.97% of the stock is currently owned by company insiders.

Dream Finders Homes Profile

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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