Richard Beckwitt Buys 12,000 Shares of Dream Finders Homes (NYSE:DFH) Stock

Key Points

• Director Richard Beckwitt bought 12,000 Dream Finders Homes shares at an average $14.80 each, investing $177,600 and increasing his direct ownership to 90,000 shares. This follows purchases of 78,000 shares over the prior two days.
• DFH traded at $14.87, with a $1.35 billion market capitalization and a 52-week range of $12.20 to $31.50. The company recently reported quarterly revenue of $1.06 billion and earnings per share of $0.27.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and a $26 price target; 95.55% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) Director Richard Beckwitt purchased 12,000 shares of Dream Finders Homes stock in a transaction dated 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 transaction, the director directly owned 90,000 shares in the company, valued at approximately $1,332,000. This represents a 15.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

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

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

Dream Finders Homes Price Performance

NYSE DFH traded up $0.48 during trading on Thursday, reaching $14.87. The company's stock had a trading volume of 544,211 shares, compared to its average volume of 664,260. The firm has a fifty day moving average of $15.33 and a 200 day moving average of $15.79. Dream Finders Homes, Inc. has a one year low of $12.20 and a one year high of $31.50. The stock has a market capitalization of $1.35 billion, a PE ratio of 10.40 and a beta of 1.88.

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

Analyst Upgrades and Downgrades

DFH has been the subject of several research analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Dream Finders Homes in a research report on Friday, August 7th. Wall Street Zen lowered shares of Dream Finders Homes from a "hold" rating to a "sell" rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $26.00.

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently modified their holdings of DFH. Hantz Financial Services Inc. increased its position in shares of Dream Finders Homes by 154.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company's stock valued at $29,000 after purchasing an additional 1,015 shares during the last quarter. Advisory Services Network LLC bought a new stake in Dream Finders Homes in the 3rd quarter worth approximately $39,000. State of Wyoming purchased a new stake in Dream Finders Homes in the first quarter worth approximately $54,000. Versant Capital Management Inc grew its position in Dream Finders Homes by 59.4% during the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company's stock valued at $89,000 after acquiring an additional 1,913 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in Dream Finders Homes by 4,853.5% during 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 during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

About Dream Finders Homes

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source