Dream Finders Homes (NASDAQ:DFH) Price Target Increased to $38.00 by Analysts at Bank of America

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

Dream Finders Homes Stock Performance

Shares of Dream Finders Homes stock opened at $36.65 on Thursday. Dream Finders Homes has a fifty-two week low of $18.29 and a fifty-two week high of $44.38. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.68 and a beta of 1.89. The stock has a 50 day moving average of $31.14 and a 200 day moving average of $31.95.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. Dream Finders Homes had a return on equity of 32.99% and a net margin of 8.00%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned $0.65 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts forecast that Dream Finders Homes will post 3.22 EPS for the current year.

Insider Buying and Selling

In other news, Director William Radford Lovett II sold 24,774 shares of Dream Finders Homes stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $31.15, for a total value of $771,710.10. Following the completion of the sale, the director now directly owns 4,941,109 shares of the company’s stock, valued at $153,915,545.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick O. Zalupski sold 54,665 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,056,618 shares of the company’s stock, valued at approximately $35,312,173.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William Radford Lovett II sold 24,774 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $31.15, for a total transaction of $771,710.10. Following the completion of the transaction, the director now directly owns 4,941,109 shares of the company’s stock, valued at approximately $153,915,545.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 267,417 shares of company stock valued at $8,464,421. Company insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

A number of large investors have recently modified their holdings of the stock. Naples Money Management LLC acquired a new stake in Dream Finders Homes in the first quarter valued at approximately $25,000. nVerses Capital LLC raised its holdings in shares of Dream Finders Homes by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after purchasing an additional 1,800 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Dream Finders Homes by 926.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after purchasing an additional 1,103 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Dream Finders Homes during the second quarter worth $68,000. Finally, Palouse Capital Management Inc. purchased a new position in Dream Finders Homes in the second quarter valued at $79,000. 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.