Dream Finders Homes (NYSE:DFH) Director Acquires $120,700.00 in Stock

Key Points

• Director Richard Beckwitt purchased 10,000 Dream Finders Homes shares at $12.07 each, investing $120,700 and increasing his direct ownership to 100,000 shares. He has also made three larger purchases in August.
• DFH shares rose 3.9% to $12.75, but remain near their one-year low of $11.76 and well below the one-year high of $30.34. The company reported quarterly revenue of $1.06 billion and EPS of $0.27.
• Institutional investors own 95.55% of the stock, while analysts maintain a consensus “Hold” rating with a $26.00 target price; ratings include one Strong Buy, four Holds, and two Sells.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) Director Richard Beckwitt bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the acquisition, the director directly owned 100,000 shares in the company, valued at approximately $1,207,000. The trade was a 11.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, August 13th, Richard Beckwitt acquired 12,000 shares of Dream Finders Homes stock. The shares were purchased at an average cost of $14.80 per share, with a total value of $177,600.00.
• On Wednesday, August 12th, Richard Beckwitt bought 8,000 shares of Dream Finders Homes stock. The stock was purchased at an average price of $13.83 per share, with a total value of $110,640.00.
• On Tuesday, August 11th, Richard Beckwitt bought 70,000 shares of Dream Finders Homes stock. The stock was purchased at an average cost of $13.95 per share, for a total transaction of $976,500.00.

Dream Finders Homes Stock Up 3.9%

Shares of DFH stock traded up $0.48 during trading hours on Monday, reaching $12.75. 870,437 shares of the stock traded hands, compared to its average volume of 656,419. Dream Finders Homes, Inc. has a 1-year low of $11.76 and a 1-year high of $30.34. The business has a fifty day moving average price of $14.70 and a 200 day moving average price of $14.93. The firm has a market capitalization of $1.16 billion, a PE ratio of 8.91 and a beta of 1.91.

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 firm 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%.

Institutional Trading of Dream Finders Homes

Several hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. increased its position 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 acquiring an additional 1,015 shares during the period. State of Wyoming purchased a new stake in Dream Finders Homes during the 1st quarter valued at about $54,000. Versant Capital Management Inc grew its stake in Dream Finders Homes by 59.4% during the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company's stock valued at $89,000 after purchasing an additional 1,913 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Dream Finders Homes by 1,878.0% in the first quarter. Fifth Third Bancorp now owns 9,534 shares of the company's stock valued at $133,000 after purchasing an additional 9,052 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Dream Finders Homes in the first quarter valued at about $150,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Dream Finders Homes in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.00.

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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