Long Position on DFH @ $35.25 on 12/21/2023 (Momentum)

Dream Finders Homes, Inc. (DFH) operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States.

It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area, Austin, Dallas, and Houston.

The company also provides insurance agency services, including closing, escrow, and title insurance, as well as mortgage banking solutions. It sells its homes through its sales representatives and independent real estate brokers.

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

Dream Finders Homes reported earnings of $0.75 per share on revenue of $895.83 million for the third quarter ended September 2023. The consensus earnings estimate was $0.59 per share on revenue of $872.57 million. The company beat consensus estimates by 27.12% while revenue grew 14.02% on a year-over-year basis.

This stock is trading at a fair valuation and the stock's upward momentum should carry share prices higher.

Entry Point: $35.25

Trading Range: $8.17 - $36.90

Stop Loss: $33.50

Target Price: $38.75

Position closed on 1/4/2024 at price of $33.25 with a -5.67% loss in 14 days.

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