** Shares of Dream Finders Homes DFH.N up 8.6% premarket to $30.32 as co set to join S&P SmallCap 600 index .SPCY next week

** S&P Dow Jones Indices said home builder to replace Haynes International Inc HAYN.O in SPCY before market open on Mon, Nov 25

** Alloy producer HAYN being acquired by Spain's Acerinox ACX.MC, and will become wholly owned by steelmaker's North American Stainless $(NAS.UK)$ business

** DFS has ~93.5 mln shares outstanding for $2.6 bln market cap, per LSEG data

** On Oct 31, co reported total Q3 rev of $1.01 bln vs $895.8 mln a yr-ago, including 10% growth in homebuilding rev, and maintained FY guidance of 8,250 home closings

** All 3 analysts covering DFH rate stock "hold" with $31 median PT - LSEG

** Through Weds close, stock has fallen 23% since end-Sept. Stock hit record intraday high of $44.38 on Mar 28 this year

** Co debuted in Jan 2021 after IPO priced at $13

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper.thomsonreuters.com@reuters.net lance.tupper@tr.com 1-646-279-6380))