Dream Finders Homes (NASDAQ:DFH) Stock Price Up 4.7% – Here’s What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price shot up 4.7% on Monday . The stock traded as high as $26.60 and last traded at $26.56. 223,492 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 479,823 shares. The stock had previously closed at $25.37.

Analysts Set New Price Targets

Separately, Bank of America reduced their target price on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th.

Dream Finders Homes Price Performance

The company’s 50 day simple moving average is $23.09 and its two-hundred day simple moving average is $28.64. The company has a market cap of $2.43 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. Sell-side analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the transaction, the chief executive officer now owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This trade represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 70.45% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds have recently added to or reduced their stakes in DFH. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Dream Finders Homes in the third quarter worth $33,000. First Horizon Advisors Inc. boosted its holdings in Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after purchasing an additional 568 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Dream Finders Homes during the 3rd quarter worth $63,000. FMR LLC increased its holdings in Dream Finders Homes by 99.4% during the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after purchasing an additional 1,468 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Dream Finders Homes during the 4th quarter worth about $116,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.