Dream Finders Homes (NYSE:DFH) Reaches New 12-Month Low – Should You Sell?

Dream Finders Homes, Inc. (NYSE:DFH)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $11.16 and last traded at $11.3320, with a volume of 259307 shares changing hands. The stock had previously closed at $11.63.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Dream Finders Homes has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Trading Down 4.6%

The company has a market capitalization of $1.01 billion, a P/E ratio of 7.77 and a beta of 1.91. The company’s fifty day moving average is $14.05 and its 200 day moving average is $14.59.

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

Insider Activity

In related news, Director Richard Beckwitt bought 10,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $12.07 per share, for a total transaction of $120,700.00. Following the purchase, the director directly owned 100,000 shares in the company, valued at $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dream Finders Homes in the first quarter worth about $4,800,000. Dimensional Fund Advisors LP grew its stake in 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 valued at $20,173,000 after acquiring an additional 234,899 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Dream Finders Homes during the 2nd quarter worth approximately $2,833,000. Northwestern Mutual Wealth Management Co. increased its holdings in Dream Finders Homes by 24,680.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 94,663 shares of the company’s stock worth $1,619,000 after acquiring an additional 94,281 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Dream Finders Homes by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock worth $26,125,000 after purchasing an additional 92,691 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors.

Dream Finders Homes Company Profile

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.