Dream Finders Homes, Inc. (NASDAQ:DFH) Director Sells $264,332.22 in Stock

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) Director William Radford Lovett II sold 8,698 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $30.39, for a total transaction of $264,332.22. Following the completion of the sale, the director now owns 4,877,666 shares of the company's stock, valued at $148,232,269.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

William Radford Lovett II also recently made the following trade(s):

• On Thursday, August 22nd, William Radford Lovett II sold 16,466 shares of Dream Finders Homes stock. The shares were sold at an average price of $30.73, for a total value of $506,000.18.
• On Wednesday, August 7th, William Radford Lovett II sold 798 shares of Dream Finders Homes stock. The shares were sold at an average price of $28.05, for a total transaction of $22,383.90.
• On Thursday, July 18th, William Radford Lovett II sold 24,774 shares of Dream Finders Homes stock. The shares were sold at an average price of $31.15, for a total value of $771,710.10.

Dream Finders Homes Trading Up 2.3 %

DFH traded up $0.70 on Monday, hitting $30.71. 364,392 shares of the company's stock traded hands, compared to its average volume of 429,970. Dream Finders Homes, Inc. has a one year low of $18.29 and a one year high of $44.38. The company's 50 day simple moving average is $29.35 and its 200-day simple moving average is $32.12. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.66 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business's revenue was up 11.9% on a year-over-year basis. As a group, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zelman & Associates raised Dream Finders Homes from a "neutral" rating to an "outperform" rating and set a $34.50 price objective on the stock in a research report on Monday, May 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Norden Group LLC raised its holdings in Dream Finders Homes by 2,580.6% during the 1st quarter. Norden Group LLC now owns 321,453 shares of the company's stock valued at $14,057,000 after buying an additional 309,461 shares during the period. Cooke & Bieler LP boosted its holdings in Dream Finders Homes by 17.5% during the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company's stock valued at $48,182,000 after acquiring an additional 277,499 shares during the period. Hennessy Advisors Inc. bought a new position in Dream Finders Homes in the 2nd quarter valued at $5,058,000. Great Lakes Advisors LLC purchased a new stake in Dream Finders Homes in the fourth quarter worth $6,826,000. Finally, Axiom Investors LLC DE bought a new stake in shares of Dream Finders Homes during the fourth quarter worth $6,718,000. 95.55% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.