Dream Finders Homes (NASDAQ:DFH) Shares Down 5.1% - What's Next?

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shares traded down 5.1% during mid-day trading on Wednesday . The stock traded as low as $25.09 and last traded at $24.75. 47,379 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 480,424 shares. The stock had previously closed at $26.08.

Analyst Ratings Changes

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

Dream Finders Homes Stock Performance

The company's 50 day moving average price is $23.27 and its 200-day moving average price is $28.39. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.28 and a beta of 1.99.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released 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 for 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 firm's quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

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Insider Transactions at Dream Finders Homes

In related 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 sale, the chief financial officer now directly owns 184,213 shares of the company's stock, valued at approximately $4,511,376.37. This represents 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. Also, CEO Patrick O. Zalupski sold 18,214 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 1,956,353 shares of the company's stock, valued at approximately $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. 70.45% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dream Finders Homes

Several large investors have recently bought and sold shares of DFH. Janus Henderson Group PLC raised its stake in Dream Finders Homes by 199.4% during 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 stake in Dream Finders Homes by 24.0% during the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock valued at $72,788,000 after purchasing an additional 605,508 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Dream Finders Homes by 11.0% during the 4th 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 last quarter. Cooke & Bieler LP raised its stake in Dream Finders Homes by 19.7% during the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock valued at $51,124,000 after purchasing an additional 361,616 shares during the last quarter. Finally, Arcus Capital Partners LLC raised its stake in Dream Finders Homes by 21.1% during the 4th quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company's stock valued at $47,967,000 after purchasing an additional 359,659 shares during the last quarter. 95.55% of the stock is currently 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.