Dream Finders Homes (NASDAQ:DFH) Shares Down 4.3% - Here's Why

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) was down 4.3% on Thursday . The company traded as low as $24.25 and last traded at $24.29. Approximately 100,762 shares traded hands during trading, a decline of 78% from the average daily volume of 463,205 shares. The stock had previously closed at $25.38.

Analysts Set New Price Targets

Separately, Bank of America upped their price objective on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th.

Dream Finders Homes Stock Down 6.6 %

The stock has a market cap of $2.22 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.72 and a beta of 1.93. The firm has a 50 day moving average price of $31.22 and a 200 day moving average price of $30.45.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $0.75 earnings per share. Dream Finders Homes's quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director William Radford Lovett II sold 10,492 shares of Dream Finders Homes stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the completion of the sale, the director now directly owns 4,667,800 shares in the company, valued at approximately $157,118,148. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick O. Zalupski sold 18,214 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 197,724 shares of company stock valued at $6,418,204 in the last 90 days. Company insiders own 70.45% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DFH. Victory Capital Management Inc. lifted its position in Dream Finders Homes by 3.0% in the third quarter. Victory Capital Management Inc. now owns 25,321 shares of the company's stock valued at $917,000 after buying an additional 746 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Dream Finders Homes during the 3rd quarter worth approximately $33,000. Versor Investments LP boosted its position in shares of Dream Finders Homes by 13.0% in the 2nd quarter. Versor Investments LP now owns 11,800 shares of the company's stock worth $305,000 after buying an additional 1,354 shares in the last quarter. FMR LLC lifted its holdings in Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company's stock valued at $107,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Precision Wealth Strategies LLC boosted its holdings in shares of Dream Finders Homes by 17.6% during the third quarter. Precision Wealth Strategies LLC now owns 10,698 shares of the company's stock worth $387,000 after purchasing an additional 1,598 shares during the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

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.