Dream Finders Homes (NYSE:DFH) Hits New 12-Month Low – Time to Sell?

Dream Finders Homes, Inc. (NYSE:DFH)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $11.70 and last traded at $11.74, with a volume of 1056169 shares. The stock had previously closed at $12.01.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dream Finders Homes in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Dream Finders Homes currently has a consensus rating of “Hold” and an average target price of $26.00.

Dream Finders Homes Price Performance

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 7.95 and a beta of 1.91. The stock has a 50-day moving average of $14.30 and a 200-day moving average of $14.73.

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

Insider Buying and Selling

In other news, Director Richard Beckwitt purchased 70,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $13.95 per share, with a total value of $976,500.00. Following the acquisition, the director owned 70,000 shares in the company, valued at approximately $976,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 103,000 shares of company stock valued at $1,427,755. 65.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cooke & Bieler LP boosted its stake in Dream Finders Homes by 0.7% in the fourth quarter. Cooke & Bieler LP now owns 2,487,064 shares of the company’s stock valued at $42,529,000 after buying an additional 16,946 shares in the last quarter. Janus Henderson Group PLC boosted its position in 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 buying an additional 92,691 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Dream Finders Homes by 19.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock worth $20,173,000 after buying an additional 234,899 shares during the last quarter. Elgethun Capital Management lifted its stake in shares of Dream Finders Homes by 8.2% in the 4th quarter. Elgethun Capital Management now owns 495,037 shares of the company’s stock valued at $8,465,000 after acquiring an additional 37,450 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Dream Finders Homes during the 1st quarter valued at $4,800,000. Institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc is a residential homebuilder that designs, builds and sells single-family homes. The company offers both build-to-order and speculative homes, serving a range of buyers through communities developed in suburban and metropolitan markets.

In addition to home construction, Dream Finders Homes provides related services through affiliated businesses, including mortgage lending and title services. Its homebuilding operations are concentrated in several U.S. markets, primarily across the Southeast, Mid-Atlantic, Texas and Colorado, with offerings that vary by local market and community.

The company was founded in 2008 and is headquartered in Jacksonville, Florida.