Dream Finders Homes (NASDAQ:DFH) Reaches New 1-Year Low - What's Next?

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s share price reached a new 52-week low during trading on Saturday . The stock traded as low as $20.50 and last traded at $22.21, with a volume of 1017877 shares traded. The stock had previously closed at $21.31.

Analyst Ratings Changes

Separately, Bank of America decreased their target price on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, January 27th.

Dream Finders Homes Trading Down 5.4 %

The company has a market cap of $1.96 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 1.28 and a beta of 1.95. The business has a fifty day moving average of $23.01 and a two-hundred day moving average of $26.97.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The business's revenue was up 35.2% compared to the same quarter last year. On average, research analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the sale, the chief financial officer now directly owns 184,213 shares in the company, valued at approximately $4,511,376.37. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 70.45% of the stock is currently owned by company insiders.

Institutional Trading of Dream Finders Homes

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Dream Finders Homes by 199.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock valued at $48,053,000 after purchasing an additional 1,375,305 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dream Finders Homes by 24.0% in the fourth quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock valued at $72,788,000 after buying an additional 605,508 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Dream Finders Homes by 11.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock worth $139,847,000 after buying an additional 594,592 shares in the last quarter. Cooke & Bieler LP lifted its stake in shares of Dream Finders Homes by 19.7% in the fourth quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock worth $51,124,000 after buying an additional 361,616 shares in the last quarter. Finally, Arcus Capital Partners LLC boosted its position in Dream Finders Homes by 21.1% during the fourth quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company's stock worth $47,967,000 after acquiring an additional 359,659 shares during the last quarter. 95.55% of the stock is 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.