Dream Finders Homes (NASDAQ:DFH) CEO Patrick Zalupski Sells 6,794 Shares

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick Zalupski sold 6,794 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total value of $176,168.42. Following the completion of the transaction, the chief executive officer directly owned 1,891,672 shares in the company, valued at approximately $49,051,054.96. The trade was a 0.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dream Finders Homes Stock Up 1.6%

Shares of DFH opened at $26.47 on Friday. The business’s 50 day moving average is $27.53 and its two-hundred day moving average is $24.86. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $35.71. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.28 and a beta of 1.90.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. During the same period last year, the business earned $0.83 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dream Finders Homes

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Dream Finders Homes in the second quarter worth $12,388,000. Cooke & Bieler LP increased its position in Dream Finders Homes by 12.9% in the second quarter. Cooke & Bieler LP now owns 2,459,600 shares of the company’s stock worth $61,810,000 after buying an additional 280,510 shares during the period. Elgethun Capital Management increased its position in Dream Finders Homes by 145.3% in the second quarter. Elgethun Capital Management now owns 454,112 shares of the company’s stock worth $11,412,000 after buying an additional 269,024 shares during the period. GAMMA Investing LLC increased its position in Dream Finders Homes by 22,620.1% in the first quarter. GAMMA Investing LLC now owns 134,503 shares of the company’s stock worth $3,034,000 after buying an additional 133,911 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in Dream Finders Homes in the first quarter worth $2,935,000. 95.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America upped their price target on Dream Finders Homes from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.00.

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.