Richard Beckwitt Buys 70,000 Shares of Dream Finders Homes (NYSE:DFH) Stock

Dream Finders Homes, Inc. (NYSE:DFH) Director Richard Beckwitt bought 70,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $13.95 per share, for a total transaction of $976,500.00. Following the completion of the transaction, the director directly owned 70,000 shares of the company’s stock, valued at $976,500. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, August 13th, Richard Beckwitt bought 12,000 shares of Dream Finders Homes stock. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $177,600.00.
• On Wednesday, August 12th, Richard Beckwitt purchased 8,000 shares of Dream Finders Homes stock. The stock was bought at an average cost of $13.83 per share, with a total value of $110,640.00.

Dream Finders Homes Trading Up 3.3%

DFH stock traded up $0.48 during trading hours on Thursday, hitting $14.87. 544,211 shares of the stock traded hands, compared to its average volume of 664,260. The company has a market cap of $1.35 billion, a P/E ratio of 10.40 and a beta of 1.88. Dream Finders Homes, Inc. has a one year low of $12.20 and a one year high of $31.50. The stock has a 50-day simple moving average of $15.33 and a 200 day simple moving average of $15.79.

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

Wall Street Analysts Forecast Growth

DFH has been the subject of several recent research reports. Wall Street Zen downgraded shares of Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Dream Finders Homes in a report 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DFH. Russell Investments Group Ltd. increased its stake in Dream Finders Homes by 11.9% during the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after acquiring an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dream Finders Homes by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company’s stock worth $374,000 after purchasing an additional 681 shares in the last quarter. Creative Planning increased its position in shares of Dream Finders Homes by 10.2% during the third quarter. Creative Planning now owns 9,028 shares of the company’s stock valued at $234,000 after purchasing an additional 832 shares during the period. Victory Capital Management Inc. increased its position in shares of Dream Finders Homes by 4.9% during the third quarter. Victory Capital Management Inc. now owns 18,166 shares of the company’s stock valued at $471,000 after purchasing an additional 854 shares during the period. Finally, Epoch Investment Partners Inc. raised its stake in shares of Dream Finders Homes by 1.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 83,275 shares of the company’s stock valued at $1,424,000 after purchasing an additional 941 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.