Dream Finders Homes (NASDAQ:DFH) Stock Price Down 3.3% – Here’s Why

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price was down 3.3% during trading on Friday . The stock traded as low as $33.75 and last traded at $33.81. Approximately 58,252 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 424,683 shares. The stock had previously closed at $34.96.

Analysts Set New Price Targets

Separately, Bank of America boosted their price objective on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th.

Dream Finders Homes Price Performance

The company has a market capitalization of $3.20 billion, a PE ratio of 11.63, a P/E/G ratio of 0.83 and a beta of 1.89. The business has a 50-day moving average of $32.09 and a 200 day moving average of $31.81.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, August 1st. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. Dream Finders Homes had a return on equity of 32.99% and a net margin of 8.00%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. As a group, research analysts anticipate that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,581 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $25.18, for a total transaction of $165,709.58. Following the sale, the chief executive officer now directly owns 1,209,478 shares in the company, valued at $30,454,656.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Patrick O. Zalupski sold 6,581 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $25.18, for a total transaction of $165,709.58. Following the transaction, the chief executive officer now owns 1,209,478 shares of the company’s stock, valued at approximately $30,454,656.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick O. Zalupski sold 33,018 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $36.58, for a total value of $1,207,798.44. Following the transaction, the chief executive officer now directly owns 931,121 shares in the company, valued at approximately $34,060,406.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 325,752 shares of company stock worth $10,719,542 over the last ninety days. Company insiders own 70.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DFH. Norden Group LLC grew its stake in shares of Dream Finders Homes by 2,580.6% during the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after buying an additional 309,461 shares during the last quarter. Cooke & Bieler LP grew its stake in Dream Finders Homes by 17.5% in the second quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after purchasing an additional 277,499 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Dream Finders Homes in the second quarter worth approximately $5,058,000. Dimensional Fund Advisors LP grew its stake in Dream Finders Homes by 55.4% in the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after purchasing an additional 150,026 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Dream Finders Homes by 57.9% in the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock worth $8,859,000 after purchasing an additional 125,800 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.

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.