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

Dream Finders Homes, Inc. (NYSE:DFH) Director Richard Beckwitt purchased 70,000 shares of Dream Finders Homes stock in a transaction that occurred 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 purchase, the director directly owned 70,000 shares in the company, valued at $976,500. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed 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 acquired 12,000 shares of Dream Finders Homes stock. The stock was bought at an average cost of $14.80 per share, with a total value of $177,600.00.
• On Wednesday, August 12th, Richard Beckwitt bought 8,000 shares of Dream Finders Homes stock. The stock was bought at an average price of $13.83 per share, for a total transaction of $110,640.00.

Dream Finders Homes Price Performance

Shares of DFH stock opened at $15.59 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of 10.90 and a beta of 1.88. The company’s 50-day simple moving average is $15.36 and its two-hundred day simple moving average is $15.75. Dream Finders Homes, Inc. has a one year low of $12.20 and a one year high of $31.50.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DFH. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. Wall Street Zen downgraded Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. 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, the company has an average rating of “Hold” and an average target price of $26.00.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in Dream Finders Homes in the third quarter worth approximately $39,000. Hantz Financial Services Inc. boosted its position in Dream Finders Homes by 154.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company’s stock valued at $29,000 after acquiring an additional 1,015 shares in the last quarter. Larson Financial Group LLC boosted its position in Dream Finders Homes by 4,853.5% during the 3rd quarter. Larson Financial Group LLC now owns 3,517 shares of the company’s stock valued at $91,000 after acquiring an additional 3,446 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Dream Finders Homes by 11.9% during the 2nd 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 in the last quarter. Finally, State of Wyoming purchased a new position in shares of Dream Finders Homes in the 1st quarter valued at $54,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

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.