Dream Finders Homes (NASDAQ:DFH) Price Target Lowered to $32.00 at Bank of America

Dream Finders Homes (NASDAQ:DFH) had its price objective decreased by Bank of America from $33.00 to $32.00 in a research report released on Monday morning,Benzinga reports. Bank of America currently has a neutral rating on the stock.

Dream Finders Homes Stock Performance

NASDAQ:DFH opened at $23.37 on Monday. The firm has a market capitalization of $2.18 billion, a PE ratio of 7.64, a PEG ratio of 0.79 and a beta of 2.02. The stock’s fifty day moving average is $26.55 and its 200 day moving average is $29.93. Dream Finders Homes has a fifty-two week low of $21.42 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm had revenue of $986.26 million during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Equities analysts forecast that Dream Finders Homes will post 3.33 EPS for the current year.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,119 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $33.26, for a total value of $602,637.94. Following the sale, the chief executive officer now owns 2,003,125 shares in the company, valued at $66,623,937.50. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 68,252 shares of company stock valued at $2,094,199 over the last 90 days. Insiders own 70.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in Dream Finders Homes by 2,502.1% in the 3rd quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after buying an additional 663,180 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after acquiring an additional 150,026 shares in the last quarter. Bretton Capital Management LLC purchased a new stake in shares of Dream Finders Homes in the third quarter valued at approximately $4,508,000. Geode Capital Management LLC boosted its holdings in shares of Dream Finders Homes by 6.7% in the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after purchasing an additional 39,130 shares during the period. Finally, Barclays PLC grew its stake in Dream Finders Homes by 45.2% in the third quarter. Barclays PLC now owns 92,402 shares of the company’s stock worth $3,345,000 after purchasing an additional 28,764 shares in the last quarter. 95.55% of the stock is currently owned by 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.