Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $24.73, but opened at $23.87. Dream Finders Homes shares last traded at $23.40, with a volume of 89,480 shares.
Analysts Set New Price Targets
Separately, Bank of America decreased their target price on Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, January 27th.
Read Our Latest Report on Dream Finders Homes
Dream Finders Homes Stock Performance
The stock has a market cap of $2.26 billion, a PE ratio of 7.92, a P/E/G ratio of 1.28 and a beta of 1.99. The firm's 50-day moving average is $23.51 and its 200 day moving average is $27.99.
Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.25. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business's quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.
Insider Buying and Selling at Dream Finders Homes
In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the transaction, the chief financial officer now owns 184,213 shares in the company, valued at approximately $4,511,376.37. This represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 70.45% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in DFH. Kayne Anderson Rudnick Investment Management LLC lifted its position in 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 valued at $139,847,000 after purchasing an additional 594,592 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dream Finders Homes by 24.0% in the 4th 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 period. Cooke & Bieler LP boosted 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 valued at $51,124,000 after buying an additional 361,616 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Dream Finders Homes by 199.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock valued at $48,053,000 after buying an additional 1,375,305 shares in the last quarter. Finally, Arcus Capital Partners LLC grew its holdings 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 period. 95.55% of the stock is currently owned by institutional investors and hedge funds.
About Dream Finders Homes
(
Get Free Report)
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.
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