Dream Finders Homes (NASDAQ:DFH) Stock Price Down 7.3%

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price fell 7.3% during trading on Monday . The stock traded as low as $35.64 and last traded at $35.75. 378,436 shares were traded during trading, a decline of 6% from the average session volume of 401,439 shares. The stock had previously closed at $38.58.

Analyst Ratings Changes

Several research firms recently commented on DFH. TheStreet upgraded Dream Finders Homes from a “c” rating to a “b” rating in a research report on Friday, March 1st. Bank of America boosted their target price on Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd.

Dream Finders Homes Trading Down 5.8 %

The company has a market cap of $3.39 billion, a PE ratio of 13.54, a P/E/G ratio of 1.04 and a beta of 1.99. The business has a fifty day moving average of $37.58 and a 200-day moving average of $30.81.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, February 29th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.29. Dream Finders Homes had a return on equity of 36.62% and a net margin of 7.89%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $898.68 million. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, research analysts predict that Dream Finders Homes, Inc. will post 3.45 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Patrick O. Zalupski sold 34,961 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $42.46, for a total value of $1,484,444.06. Following the sale, the chief executive officer now owns 1,428,742 shares in the company, valued at approximately $60,664,385.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Patrick O. Zalupski sold 34,961 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $42.46, for a total value of $1,484,444.06. Following the transaction, the chief executive officer now directly owns 1,428,742 shares of the company’s stock, valued at approximately $60,664,385.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 54,270 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $42.05, for a total value of $2,282,053.50. Following the completion of the transaction, the chief executive officer now directly owns 1,507,805 shares in the company, valued at $63,403,200.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 271,422 shares of company stock worth $10,251,599. Company insiders own 74.13% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Advisor Group Holdings Inc. lifted its holdings in shares of Dream Finders Homes by 148.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,856 shares of the company’s stock valued at $49,000 after buying an additional 1,706 shares during the period. Swiss National Bank lifted its holdings in shares of Dream Finders Homes by 7.4% during the 1st quarter. Swiss National Bank now owns 42,000 shares of the company’s stock valued at $717,000 after buying an additional 2,900 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Dream Finders Homes by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 58,685 shares of the company’s stock valued at $1,002,000 after buying an additional 4,776 shares during the period. US Bancorp DE bought a new position in Dream Finders Homes in the 1st quarter worth $251,000. Finally, Citigroup Inc. increased its stake in Dream Finders Homes by 63.1% in the 1st quarter. Citigroup Inc. now owns 70,155 shares of the company’s stock worth $1,198,000 after buying an additional 27,149 shares in the last quarter. 95.55% of the stock is owned by institutional investors.

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.