Dream Finders Homes, Inc. (NASDAQ:DFH) Director Sells $771,710.10 in Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) Director William Radford Lovett II sold 24,774 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $31.15, for a total value of $771,710.10. Following the transaction, the director now owns 4,941,109 shares of the company’s stock, valued at approximately $153,915,545.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dream Finders Homes Stock Up 4.1 %

DFH stock traded up $1.27 during trading on Monday, reaching $32.26. 358,268 shares of the company’s stock were exchanged, compared to its average volume of 425,268. Dream Finders Homes, Inc. has a 1-year low of $18.29 and a 1-year high of $44.38. The company’s fifty day moving average price is $27.29 and its 200-day moving average price is $32.67. The firm has a market cap of $3.01 billion, a PE ratio of 10.51, a P/E/G ratio of 0.65 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). Dream Finders Homes had a return on equity of 34.31% and a net margin of 7.91%. The business had revenue of $827.80 million for the quarter, compared to analyst estimates of $886.34 million. During the same quarter last year, the firm posted $0.45 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DFH. Bank of America boosted their price objective on Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Wedbush restated a “neutral” rating and set a $24.00 price objective on shares of Dream Finders Homes in a research report on Thursday, May 2nd. Finally, Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price objective for the company in a research report on Monday, May 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new stake in Dream Finders Homes in the 2nd quarter valued at about $68,000. Csenge Advisory Group lifted its stake in Dream Finders Homes by 31.1% during the second quarter. Csenge Advisory Group now owns 19,573 shares of the company’s stock valued at $505,000 after purchasing an additional 4,646 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in Dream Finders Homes by 6.2% during the second quarter. Simplicity Wealth LLC now owns 21,565 shares of the company’s stock worth $557,000 after buying an additional 1,259 shares in the last quarter. Janus Henderson Group PLC grew its position in Dream Finders Homes by 3.3% in the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company’s stock worth $992,000 after buying an additional 728 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Dream Finders Homes by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock valued at $304,000 after buying an additional 1,041 shares in the last quarter. Institutional investors and hedge funds 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.