Dream Finders Homes (NYSE:DFH) Stock Price Up 9.1% – Time to Buy?

Dream Finders Homes, Inc. (NYSE:DFH)’s share price shot up 9.1% during mid-day trading on Tuesday. The company traded as high as $9.42 and last traded at $9.44. Approximately 299,951 shares traded hands during trading, a decline of 61% from the average daily volume of 769,872 shares. The stock had previously closed at $8.65.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Dream Finders Homes Trading Up 9.3%

The firm has a fifty day moving average of $12.23 and a 200 day moving average of $13.97. The company has a market capitalization of $857.80 million, a P/E ratio of 6.60 and a beta of 1.91.

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

Insiders Place Their Bets

In other news, Director Richard Beckwitt purchased 10,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $12.07 per share, for a total transaction of $120,700.00. Following the completion of the purchase, the director owned 100,000 shares in the company, valued at approximately $1,207,000. This represents a 11.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders acquired 103,000 shares of company stock worth $1,427,755. Insiders own 65.97% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

Several institutional investors and hedge funds have recently made changes to their positions in DFH. Engineers Gate Manager LP acquired a new position in Dream Finders Homes during the second quarter valued at $667,000. Bank of New York Mellon Corp acquired a new position in Dream Finders Homes in the second quarter valued at $2,833,000. Handelsbanken Fonder AB raised its position in Dream Finders Homes by 87.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 26,600 shares of the company’s stock worth $459,000 after buying an additional 12,400 shares during the last quarter. GAMMA Investing LLC grew its position in Dream Finders Homes by 37.5% during the second quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock worth $173,000 after buying an additional 2,728 shares during the period. Finally, Versant Capital Management Inc boosted its holdings 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 purchasing an additional 1,913 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company offers a range of home plans and options intended for first-time, move-up and luxury buyers, with homes typically sold through a build-to-order model as well as from completed inventory. Its operations also include the development and acquisition of residential lots for use in its homebuilding activities.

Founded in 2008, Dream Finders Homes has expanded through organic growth and acquisitions into multiple housing markets across the United States.