Dream Finders Homes (NASDAQ:DFH) Price Target Increased to $38.00 by Analysts at Bank of America

Dream Finders Homes (NASDAQ:DFH) had its target price increased by Bank of America from $35.00 to $38.00 in a research note released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

Dream Finders Homes Trading Up 2.8 %

Shares of DFH stock opened at $38.10 on Thursday. The company has a market capitalization of $3.55 billion, a P/E ratio of 12.92, a P/E/G ratio of 0.68 and a beta of 1.89. Dream Finders Homes has a 12-month low of $18.29 and a 12-month high of $44.38. The business’s 50 day moving average is $30.74 and its two-hundred day moving average is $31.97.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. On average, research analysts predict that Dream Finders Homes will post 3.22 earnings per share for the current fiscal year.

Insider Transactions at Dream Finders Homes

In related news, Director William Radford Lovett II sold 30,000 shares of Dream Finders Homes stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $34.50, for a total value of $1,035,000.00. Following the sale, the director now directly owns 4,766,398 shares in the company, valued at approximately $164,440,731. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Patrick O. Zalupski sold 26,879 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $30.86, for a total transaction of $829,485.94. Following the completion of the sale, the chief executive officer now owns 991,171 shares of the company’s stock, valued at $30,587,537.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Radford Lovett II sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the transaction, the director now directly owns 4,766,398 shares in the company, valued at $164,440,731. The disclosure for this sale can be found here. Insiders sold 267,417 shares of company stock valued at $8,464,421 over the last 90 days. Corporate insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

A number of hedge funds have recently bought and sold shares of DFH. Naples Money Management LLC acquired a new position in shares of Dream Finders Homes during the 1st quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. boosted its stake in Dream Finders Homes by 926.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after buying an additional 1,103 shares during the last quarter. nVerses Capital LLC grew its holdings in Dream Finders Homes by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after buying an additional 1,800 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Dream Finders Homes in the 2nd quarter worth $68,000. Finally, Palouse Capital Management Inc. purchased a new position in shares of Dream Finders Homes during the 2nd quarter worth $79,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

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.