Dream Finders Homes (NASDAQ:DFH) Stock Price Up 6.2% - Still a Buy?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) were up 6.2% during mid-day trading on Tuesday . The stock traded as high as $26.59 and last traded at $26.69. Approximately 52,879 shares changed hands during trading, a decline of 89% from the average daily volume of 498,239 shares. The stock had previously closed at $25.13.

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.

Dream Finders Homes Stock Performance

The stock's fifty day simple moving average is $22.73 and its two-hundred day simple moving average is $23.02. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.28 and a beta of 1.86.

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

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently modified their holdings of DFH. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Dream Finders Homes by 11.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock valued at $139,847,000 after buying an additional 594,592 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dream Finders Homes by 24.0% during the fourth quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock valued at $72,788,000 after acquiring an additional 605,508 shares during the period. Cooke & Bieler LP lifted its position in shares of Dream Finders Homes by 19.7% in the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock valued at $51,124,000 after acquiring an additional 361,616 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Dream Finders Homes by 199.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock worth $48,053,000 after purchasing an additional 1,375,305 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Dream Finders Homes by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock worth $15,935,000 after purchasing an additional 159,882 shares during the period. Institutional investors and hedge funds own 95.55% of the company's stock.

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.