Dream Finders Homes (NASDAQ:DFH) Issues Earnings Results

Key Points

• Dream Finders Homes reported a quarterly earnings per share (EPS) of $0.57, falling short of analysts' expectations of $0.65 by $0.08, while experiencing a 9.0% increase in quarterly revenue year-over-year.
• The stock traded down 0.4% to $25.22, with a market capitalization of $2.36 billion, and a fifty-two week range between $19.65 and $39.15.
• CEO Patrick O. Zalupski sold 10,687 shares valued at approximately $293,037, reducing his stake slightly, while corporate insiders own 68.16% of the company's stock.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.08), Briefing.com reports. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS.

Dream Finders Homes Trading Down 0.4%

Shares of NASDAQ DFH traded down $0.10 on Friday, reaching $25.22. 523,158 shares of the company traded hands, compared to its average volume of 461,806. Dream Finders Homes has a fifty-two week low of $19.65 and a fifty-two week high of $39.15. The company has a 50 day moving average of $24.73 and a 200 day moving average of $23.55. The stock has a market capitalization of $2.36 billion, a PE ratio of 8.24, a P/E/G ratio of 1.28 and a beta of 1.90.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 10,687 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $27.42, for a total transaction of $293,037.54. Following the completion of the sale, the chief executive officer owned 1,999,507 shares in the company, valued at approximately $54,826,481.94. The trade was a 0.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 31,264 shares of company stock worth $855,698. Corporate insiders own 68.16% of the company's stock.

Hedge Funds Weigh In On Dream Finders Homes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Dream Finders Homes by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company's stock valued at $11,728,000 after buying an additional 41,117 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dream Finders Homes by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company's stock valued at $374,000 after buying an additional 681 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Dream Finders Homes by 39.3% during the 1st quarter. Royal Bank of Canada now owns 10,275 shares of the company's stock valued at $232,000 after buying an additional 2,898 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wedbush reissued a "neutral" rating and issued a $26.00 price objective on shares of Dream Finders Homes in a research note on Tuesday, May 6th.

About Dream Finders Homes

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.

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