Dream Finders Homes (NASDAQ:DFH) Trading Down 4.3% - Here's Why

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s stock price traded down 4.3% during trading on Friday . The stock traded as low as $26.33 and last traded at $25.97. 38,240 shares changed hands during trading, a decline of 92% from the average session volume of 456,202 shares. The stock had previously closed at $27.13.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Trading Up 1.4%

The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.28 and a beta of 1.90. The firm has a 50-day moving average of $23.89 and a two-hundred day moving average of $23.26.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. As a group, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insider Buying and Selling at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 10,687 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $27.42, for a total transaction of $293,037.54. Following the sale, the chief executive officer directly owned 1,999,507 shares in the company, valued at $54,826,481.94. This represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 68.16% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in Dream Finders Homes by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 237,520 shares of the company's stock worth $5,527,000 after purchasing an additional 10,869 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in Dream Finders Homes during the 4th quarter worth about $493,000. Intech Investment Management LLC increased its holdings in Dream Finders Homes by 49.1% during the 4th quarter. Intech Investment Management LLC now owns 17,676 shares of the company's stock worth $411,000 after purchasing an additional 5,819 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in Dream Finders Homes during the 4th quarter worth about $216,000. Finally, Quantbot Technologies LP bought a new position in Dream Finders Homes during the 4th quarter worth about $250,000. 95.55% of the stock is currently 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.