Let's take a look at the top stock in the sector DreamFinders Homes, Inc., and then a dividend play with Loma Negra CompañíaIndustrial Argentina Sociedad Anónima.
Dream Finders Homes Inc.
Founded in 2008, Dream Finders Homes, Inc., (NYSE: DFH) is based in Jacksonville, Fla.
The company builds and sells single-family
entry-level, and first-time and second-time move-up homes. Their projects
are placed across eight U.S. states, over 20 different markets, and close to 150
unique communities, with over 5,000 homes closed. Its communities are located in Florida, Colorado, North Carolina, South Carolina, Georgia, Texas, Maryland, and Virginia.
Shares of DFH stock are up 116.02% over the last 52 weeks (July
18, 2022 to July 17, 2023). This year alone the stock is up 177.35%, closing Monday
at $26.57 per share, up 2.27% for the day. DFH has a 52-week low of $8.17 and a high of $26.69.
During the company’s first quarter 2023 report in May, Dream
Finders Homes CEO Patrick Zalupski addressed highlights and a plan moving
forward.
“Net new orders in the first quarter, while down year over
year, felt healthy and this demand persisted, with April net new orders
increasing year over year,” Zalupski said. “Supply remains low in our markets,
and we believe our high-quality locations offer some resiliency against
potential headwinds in the economy. We are pleased with our modest progress in
bringing down construction times, which ultimately will allow us to increase
our inventory turns and maintain an industry-leading return on equity."
Zalupski concluded saying, “Although plenty of uncertainty
remains for 2023, DFH is poised to deliver another solid year.”
Loma Negra Comp Indu Argentina Sociedad
Founded in 1926, Loma Negra (NYSE: LOMA) is a cement
manufacturer, focusing on the production and commercialization of cement,
masonry cement, aggregates, concrete, and lime. The company is based in Buenos
Aires, Argentina.
During the first quarter of 2023, Loma Negra continued
optimizing value for its shareholders, with a dividend payment of $19.5
million. Moreover, the company recently approved a second dividend payment.
Commenting on the financial and operating performance for the first quarter of 2023, Sergio Faifman, Loma Negra’s Chief Executive Officer, noted:
“We started the year in a very good shape, with solid
operating results and cash flow generation together with a very robust financial
position. Despite the challenging macro scenario and the economic disorders,
the cement demand remains strong, posting a 3.1% growth in spite of the high
base of comparison, and Loma showed even higher growth figures. For the
remainder of the year, we are cautiously optimistic that we will continue to
see healthy dynamics in our markets although at slower rates as we approach the
presidential elections.”
Shares of LOMA are up 41% over the last 52 weeks (July 18, 2022 to
July 17, 2023). This year alone the stock is up 2.12%, closing Monday at $6.74
per share, down -0.15% for the day. LOMA has a 52-week low of $4.64 and a high of
$7.95.
The company has paid five dividends since October
2020:
- 10/20/2020 - $0.26 per share
- 05/03/2022 - $0.38 per share
- 07/19/2022 - $0.69 per share
- 01/17/2023 - $0.17 per share
- 07/12/2023 - $0.46 per share
Disclaimer: This post is provided for information
purposes only and should not be used as the basis for any investment decision.
I am neither licensed nor qualified to provide investment advice. Keith
Stein has no position in any stocks mentioned in this post. DCNewsroom has no
position in any of the stocks mentioned in this post.
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