Dream Finders Homes (NASDAQ:DFH) Upgraded by Zelman & Associates to “Outperform” Rating

Dream Finders Homes (NASDAQ:DFH) was upgraded by Zelman & Associates from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday,Benzinga reports.

Separately, Bank of America decreased their price target on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Price Performance

Dream Finders Homes stock traded up $0.68 during mid-day trading on Wednesday, reaching $19.56. 341,280 shares of the company traded hands, compared to its average volume of 420,107. The firm’s 50 day moving average price is $24.73 and its 200 day moving average price is $24.85. Dream Finders Homes has a 52-week low of $18.41 and a 52-week high of $34.43. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 1.28 and a beta of 1.85.

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 11,567 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $28.86, for a total transaction of $333,823.62. Following the sale, the chief executive officer owned 1,927,772 shares of the company’s stock, valued at $55,635,499.92. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 66,171 shares of company stock worth $1,845,824. Company insiders own 68.16% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Large investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new stake in Dream Finders Homes in the 2nd quarter worth about $12,388,000. Cooke & Bieler LP lifted its stake in Dream Finders Homes by 12.9% during the 2nd quarter. Cooke & Bieler LP now owns 2,459,600 shares of the company’s stock valued at $61,810,000 after acquiring an additional 280,510 shares during the period. Elgethun Capital Management grew its stake in shares of 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 acquiring an additional 269,024 shares during the period. Brandywine Global Investment Management LLC purchased a new position in shares of Dream Finders Homes during the first quarter valued at approximately $2,935,000. Finally, Nuveen LLC purchased a new position in shares of Dream Finders Homes during the first quarter valued at approximately $1,742,000. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

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.