Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.21 and last traded at $22.27, with a volume of 52561 shares trading hands. The stock had previously closed at $23.19.
Wall Street Analyst Weigh In
Separately, Bank of America increased their price target on Dream Finders Homes from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th.
Get Our Latest Stock Analysis on Dream Finders Homes
Dream Finders Homes Stock Performance
The business's 50 day moving average is $29.87 and its two-hundred day moving average is $30.32. The firm has a market capitalization of $2.13 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 0.72 and a beta of 1.93.
Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.14). The company had revenue of $986.26 million during the quarter, compared to analysts' expectations of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, equities research analysts predict that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.
Insider Buying and Selling
In related news, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the transaction, the chief executive officer now owns 1,956,353 shares of the company's stock, valued at $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Radford Lovett II sold 9,869 shares of the firm's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $34.84, for a total value of $343,835.96. Following the sale, the director now owns 4,694,252 shares in the company, valued at $163,547,739.68. The trade was a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,706 shares of company stock worth $5,210,406 over the last ninety days. 70.45% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dream Finders Homes in the 3rd quarter valued at $63,000. Geode Capital Management LLC lifted its stake in Dream Finders Homes by 6.7% in the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company's stock worth $22,539,000 after purchasing an additional 39,130 shares during the last quarter. Vestcor Inc purchased a new stake in Dream Finders Homes during the third quarter valued at about $645,000. Barclays PLC grew its stake in shares of Dream Finders Homes by 45.2% during the third quarter. Barclays PLC now owns 92,402 shares of the company's stock valued at $3,345,000 after buying an additional 28,764 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Dream Finders Homes in the third quarter worth about $260,000. 95.55% of the stock is owned by hedge funds and other institutional investors.
Dream Finders Homes Company Profile
(
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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.
Further Reading
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