Dream Finders Homes (NASDAQ:DFH) PT Raised to $38.00 at Bank of America

Dream Finders Homes (NASDAQ:DFH) had its price target lifted by Bank of America from $35.00 to $38.00 in a report published on Thursday, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Dream Finders Homes Trading Down 3.8 %

Shares of NASDAQ:DFH opened at $36.65 on Thursday. Dream Finders Homes has a 12-month low of $18.29 and a 12-month high of $44.38. The business has a 50 day moving average of $31.14 and a two-hundred day moving average of $31.95. The company has a market capitalization of $3.42 billion, a PE ratio of 12.42, a PEG ratio of 0.68 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Equities research analysts predict that Dream Finders Homes will post 3.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 54,665 shares of Dream Finders Homes stock in a transaction on Monday, August 26th. The shares were sold at an average price of $33.42, for a total value of $1,826,904.30. Following the sale, the chief executive officer now owns 1,056,618 shares of the company’s stock, valued at approximately $35,312,173.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Patrick O. Zalupski sold 54,665 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $33.42, for a total transaction of $1,826,904.30. Following the completion of the transaction, the chief executive officer now owns 1,056,618 shares in the company, valued at approximately $35,312,173.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Radford Lovett II sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $34.50, for a total transaction of $1,035,000.00. Following the completion of the transaction, the director now directly owns 4,766,398 shares in the company, valued at $164,440,731. The disclosure for this sale can be found here. Insiders sold 267,417 shares of company stock worth $8,464,421 over the last three months. 70.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Dream Finders Homes

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new position in Dream Finders Homes during the fourth quarter worth about $398,000. Charles Schwab Investment Management Inc. grew its position in shares of Dream Finders Homes by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 194,969 shares of the company’s stock valued at $6,927,000 after purchasing an additional 16,902 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Dream Finders Homes in the fourth quarter valued at approximately $479,000. Trexquant Investment LP purchased a new position in Dream Finders Homes during the fourth quarter worth approximately $442,000. Finally, Advisory Services Network LLC purchased a new position in Dream Finders Homes during the fourth quarter worth approximately $208,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

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.