Dream Finders Homes (NYSE:DFH) Reaches New 12-Month Low - Should You Sell?

Key Points

• Dream Finders Homes shares fell 4.6% to an intraday 52-week low of $11.16, well below their 50-day and 200-day moving averages.
• Analyst sentiment is mixed: the consensus rating is “Hold”, with an average price target of $26.00, while Weiss Ratings reiterated a “sell (d+)” rating.
• The company reported quarterly revenue of $1.06 billion and EPS of $0.27. Despite the stock’s decline, insiders purchased 103,000 shares over the past three months, and insiders collectively own nearly 66% of the company.

Shares of Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.16 and last traded at $11.3320, with a volume of 259307 shares trading hands. The stock had previously closed at $11.63.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.00.

Dream Finders Homes Stock Down 4.6%

The company has a market capitalization of $1.01 billion, a P/E ratio of 7.77 and a beta of 1.91. The business's 50-day moving average is $14.05 and its two-hundred day moving average is $14.59.

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

Insider Activity

In other Dream Finders Homes news, Director Richard Beckwitt purchased 70,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $13.95 per share, with a total value of $976,500.00. Following the completion of the transaction, the director owned 70,000 shares of the company's stock, valued at $976,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased 103,000 shares of company stock valued at $1,427,755 over the last three months. Corporate insiders own 65.97% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DFH. Janus Henderson Group PLC raised its stake in shares of Dream Finders Homes by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company's stock worth $26,125,000 after purchasing an additional 92,691 shares during the period. Dimensional Fund Advisors LP increased its holdings in Dream Finders Homes by 19.3% during 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 during the last quarter. Elgethun Capital Management raised its position in Dream Finders Homes by 8.2% in the fourth quarter. Elgethun Capital Management now owns 495,037 shares of the company's stock worth $8,465,000 after acquiring an additional 37,450 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Dream Finders Homes in the first quarter worth about $4,800,000. Finally, De Lisle Partners LLP boosted its stake in Dream Finders Homes by 13.9% in the fourth quarter. De Lisle Partners LLP now owns 171,453 shares of the company's stock valued at $2,930,000 after acquiring an additional 20,951 shares during 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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