Dream Finders Homes (NASDAQ:DFH) Shares Up 4.7% – Time to Buy?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) rose 4.7% on Monday . The stock traded as high as $26.60 and last traded at $26.56. Approximately 223,492 shares changed hands during trading, a decline of 53% from the average daily volume of 479,823 shares. The stock had previously closed at $25.37.

Analyst Ratings Changes

Separately, Bank of America dropped their price target 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 stock has a market capitalization of $2.43 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99. The stock’s 50 day moving average is $23.09 and its two-hundred day moving average is $28.64.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $1.00 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. Equities research analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the business’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 in the company, valued at $53,721,453.38. The trade was a 0.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 70.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

A number of institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings in Dream Finders Homes by 93.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after buying an additional 568 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Dream Finders Homes in the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Dream Finders Homes during the third quarter worth about $63,000. FMR LLC raised its stake in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after purchasing an additional 1,468 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Dream Finders Homes in the 4th quarter valued at about $116,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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.