Dream Finders Homes (NASDAQ:DFH) Shares Gap Down – Here’s Why

Dream Finders Homes, Inc. (NASDAQ:DFH) gapped down prior to trading on Friday . The stock had previously closed at $24.73, but opened at $23.87. Dream Finders Homes shares last traded at $23.40, with a volume of 89,480 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Bank of America reduced their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Dream Finders Homes Stock Performance

The stock has a market capitalization of $2.23 billion, a PE ratio of 7.80, a P/E/G ratio of 1.28 and a beta of 1.99. The company’s fifty day simple moving average is $23.41 and its two-hundred day simple moving average is $28.18.

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

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the sale, the chief financial officer now owns 184,213 shares in the company, valued at $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

Institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Dream Finders Homes by 11.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company’s stock worth $139,847,000 after acquiring an additional 594,592 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Dream Finders Homes by 24.0% in the fourth quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company’s stock worth $72,788,000 after purchasing an additional 605,508 shares during the period. Cooke & Bieler LP lifted its holdings in Dream Finders Homes by 19.7% in the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company’s stock valued at $51,124,000 after acquiring an additional 361,616 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Dream Finders Homes by 199.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company’s stock valued at $48,053,000 after acquiring an additional 1,375,305 shares during the last quarter. Finally, Arcus Capital Partners LLC lifted its holdings in Dream Finders Homes by 21.1% in the 4th quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company’s stock valued at $47,967,000 after acquiring an additional 359,659 shares during the last quarter. 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.