Dream Finders Homes (NYSE:DFH) Shares Gap Down - What's Next?

Key Points

• Dream Finders Homes shares opened lower at $11.42 versus the prior close of $11.87, but later traded near $11.87.
• Analyst sentiment is mixed: the consensus rating is Hold, with one Strong Buy, three Holds, and two Sells; two firms recently downgraded their ratings.
• The company reported quarterly EPS of $0.22 on revenue of $996.05 million. Insiders also bought 26,000 shares worth about $351,145 over the past three months.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report)'s share price gapped down before the market opened on Wednesday. The stock had previously closed at $11.87, but opened at $11.42. Dream Finders Homes shares last traded at $11.8720, with a volume of 163,981 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings lowered Dream Finders Homes from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, November 4th. Wall Street Zen cut Dream Finders Homes from a "sell" rating to a "strong sell" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Dream Finders Homes presently has an average rating of "Hold".

Dream Finders Homes Price Performance

The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.04 and a beta of 2.02. The business has a fifty day moving average of $10.99 and a 200 day moving average of $14.51.

Dream Finders Homes (NYSE:DFH - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $996.05 million for the quarter. Dream Finders Homes had a net margin of 2.56% and a return on equity of 8.87%.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, Director Richard Beckwitt bought 12,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $14.80 per share, with a total value of $177,600.00. Following the completion of the acquisition, the director directly owned 90,000 shares of the company's stock, valued at $1,332,000. This represents a 15.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 26,000 shares of company stock worth $351,145 in the last three months. Insiders own 65.97% of the company's stock.

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently bought and sold shares of DFH. Janus Henderson Group PLC increased its holdings in shares of Dream Finders Homes by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company's stock valued at $26,125,000 after purchasing an additional 92,691 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Dream Finders Homes by 19.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company's stock worth $20,173,000 after acquiring an additional 234,899 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Dream Finders Homes in the second quarter valued at $2,833,000. Bank of America Corp DE grew its stake in Dream Finders Homes by 51.5% in the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company's stock valued at $2,034,000 after acquiring an additional 49,694 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Dream Finders Homes by 2.1% in the first quarter. Principal Financial Group Inc. now owns 139,944 shares of the company's stock valued at $1,948,000 after purchasing an additional 2,899 shares during the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc. is a homebuilding company that designs, builds and sells single-family homes and townhomes. Its offerings include homes in a range of styles and price points, with options that allow buyers to personalize features and finishes. Founded in 2008 and headquartered in Jacksonville, Florida, the company serves homebuyers in markets across the Southeast and Mid-Atlantic, as well as select markets in other regions. It operates under the Dream Finders Homes brand and other regional homebuilding brands.

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