Dream Finders Homes, Inc. (NASDAQ:DFH) – Analysts at Wedbush raised their FY2021 EPS estimates for Dream Finders Homes in a note issued to investors on Monday, October 11th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $1.75 per share for the year, up from their previous estimate of $1.70. Wedbush also issued estimates for Dream Finders Homes’ Q4 2021 earnings at $0.70 EPS, Q1 2022 earnings at $0.17 EPS, Q3 2022 earnings at $0.66 EPS and Q4 2022 earnings at $0.82 EPS.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Dream Finders Homes from a “hold” rating to a “sell” rating in a report on Monday, August 16th. Zelman & Associates raised Dream Finders Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, September 15th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.25.
Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Monday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.12). The business had revenue of $365.28 million during the quarter, compared to analyst estimates of $507.67 million. The firm’s revenue was up 82.8% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Wasatch Advisors Inc. acquired a new stake in Dream Finders Homes during the second quarter worth approximately $22,739,000. Federated Hermes Inc. acquired a new stake in Dream Finders Homes during the first quarter worth approximately $16,784,000. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Dream Finders Homes during the first quarter worth approximately $11,616,000. Invesco Ltd. bought a new position in Dream Finders Homes in the second quarter worth approximately $7,765,000. Finally, BlackRock Inc. bought a new position in Dream Finders Homes in the first quarter worth approximately $4,353,000. 8.65% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Omaha Corp Boston sold 26,725 shares of the firm’s stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $19.53, for a total transaction of $521,939.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 1,289,720 shares of company stock valued at $23,166,753. Insiders own 75.92% of the company’s stock.
About Dream Finders Homes
Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. The company designs, builds, and sells single family attached and detached homes in Jacksonville, Orlando, Denver, the Washington DC metropolitan area, and Austin, as well as in Charlotte and Raleigh.
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