Dream Finders Homes, Inc. (NYSE:DFH) Stock Rated “Hold” by Wall Street Brokerages

Shares of Dream Finders Homes, Inc. (NYSE:DFH) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company.

Several research firms recently commented on DFH. Wall Street Zen cut shares of Dream Finders Homes from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings cut Dream Finders Homes from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, November 4th.

Dream Finders Homes Stock Performance

NYSE DFH opened at $12.89 on Thursday. The business has a 50 day simple moving average of $11.04 and a 200 day simple moving average of $14.55. Dream Finders Homes has a 52-week low of $7.30 and a 52-week high of $21.55. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 13.43 and a beta of 2.02.

Dream Finders Homes (NYSE:DFH) last announced its earnings results on Thursday, October 29th. The company reported $0.22 EPS for the quarter. Dream Finders Homes had a net margin of 2.56% and a return on equity of 8.87%. The firm had revenue of $996.05 million for the quarter.

Insider Buying and Selling

In other news, Director Richard Beckwitt bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $14.80 per share, with a total value of $177,600.00. Following the completion of the purchase, the director owned 90,000 shares of the company’s stock, valued at $1,332,000. This represents a 15.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased 34,000 shares of company stock worth $461,785 over the last ninety days. Corporate insiders own 65.97% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Dream Finders Homes by 193.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company’s stock worth $33,000 after buying an additional 2,043 shares during the last quarter. State of Wyoming bought a new stake in shares of Dream Finders Homes during the 1st quarter worth about $54,000. Versant Capital Management Inc boosted its holdings in shares of Dream Finders Homes by 59.4% during the 2nd quarter. Versant Capital Management Inc now owns 5,135 shares of the company’s stock worth $89,000 after buying an additional 1,913 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Dream Finders Homes by 1,878.0% during the 1st quarter. Fifth Third Bancorp now owns 9,534 shares of the company’s stock worth $133,000 after buying an additional 9,052 shares during the period. Finally, GAMMA Investing LLC grew its stake in Dream Finders Homes by 37.5% in the 2nd quarter. GAMMA Investing LLC now owns 9,996 shares of the company’s stock valued at $173,000 after buying an additional 2,728 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

About Dream Finders Homes