Dream Finders Homes (NASDAQ:DFH) Sets New 1-Year Low – Should You Sell?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) hit a new 52-week low on Wednesday . The company traded as low as $21.65 and last traded at $21.84, with a volume of 89589 shares trading hands. The stock had previously closed at $22.64.

Wall Street Analyst Weigh In

Separately, Bank of America raised their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Dream Finders Homes Price Performance

The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.72 and a beta of 2.02. The stock has a fifty day moving average of $28.58 and a 200 day moving average of $30.15.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.14). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the sale, the chief executive officer now directly owns 1,956,353 shares in the company, valued at $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Radford Lovett II sold 10,492 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the sale, the director now directly owns 4,667,800 shares of the company’s stock, valued at approximately $157,118,148. This represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,850 shares of company stock valued at $4,304,470 in the last ninety days. 70.45% of the stock is currently owned by corporate insiders.

Institutional Trading of Dream Finders Homes

A number of hedge funds and other institutional investors have recently modified their holdings of DFH. Janus Henderson Group PLC lifted its stake in Dream Finders Homes by 2,502.1% during the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock worth $24,974,000 after purchasing an additional 663,180 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Dream Finders Homes by 55.4% during the 2nd 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 during the period. Renaissance Technologies LLC grew its position in Dream Finders Homes by 57.9% in the 2nd quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after acquiring an additional 125,800 shares in the last quarter. Bretton Capital Management LLC purchased a new stake in Dream Finders Homes during the third quarter worth about $4,508,000. Finally, Geode Capital Management LLC increased its stake in Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock worth $22,539,000 after buying an additional 39,130 shares during the period. 95.55% of the stock is owned by institutional investors and hedge funds.

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.