Dream Finders Homes (NASDAQ:DFH) Reaches New 52-Week High at $44.00

Dream Finders Homes, Inc. (NASDAQ:DFH) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.00 and last traded at $43.96, with a volume of 77442 shares. The stock had previously closed at $41.98.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Dream Finders Homes from a “c” rating to a “b” rating in a research report on Friday, March 1st.

Dream Finders Homes Trading Up 4.2 %

The company has a 50-day simple moving average of $35.49 and a 200 day simple moving average of $29.30. The company has a market cap of $4.08 billion, a P/E ratio of 14.57, a P/E/G ratio of 1.54 and a beta of 1.98.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.29. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $898.68 million. Dream Finders Homes had a return on equity of 36.62% and a net margin of 7.89%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. On average, equities analysts forecast that Dream Finders Homes, Inc. will post 3.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Lorena Anabel Fernandez sold 924 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $38.50, for a total transaction of $35,574.00. Following the sale, the chief financial officer now directly owns 139,172 shares of the company’s stock, valued at $5,358,122. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Dream Finders Homes news, CFO Lorena Anabel Fernandez sold 924 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $38.50, for a total value of $35,574.00. Following the sale, the chief financial officer now directly owns 139,172 shares of the company’s stock, valued at $5,358,122. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick O. Zalupski sold 44,246 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $38.39, for a total value of $1,698,603.94. Following the completion of the sale, the chief executive officer now directly owns 1,638,206 shares in the company, valued at $62,890,728.34. The disclosure for this sale can be found here. Insiders sold 201,990 shares of company stock worth $7,147,576 in the last three months. 74.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Dream Finders Homes by 48.7% in the second quarter. BlackRock Inc. now owns 1,530,053 shares of the company’s stock valued at $37,624,000 after buying an additional 500,887 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Dream Finders Homes in the 4th quarter valued at about $13,324,000. Nuveen Asset Management LLC lifted its holdings in shares of Dream Finders Homes by 376.6% in the 4th quarter. Nuveen Asset Management LLC now owns 463,017 shares of the company’s stock valued at $16,451,000 after purchasing an additional 365,870 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Dream Finders Homes by 4.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,040,432 shares of the company’s stock valued at $80,036,000 after purchasing an additional 279,730 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Dream Finders Homes by 512.4% in the 1st quarter. Stifel Financial Corp now owns 288,571 shares of the company’s stock valued at $3,824,000 after purchasing an additional 241,452 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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.