Dream Finders Homes (NASDAQ:DFH) Trading 1.9% Higher - Here's Why

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shot up 1.9% during mid-day trading on Friday . The company traded as high as $21.23 and last traded at $21.73. 22,577 shares changed hands during trading, a decline of 95% from the average session volume of 492,857 shares. The stock had previously closed at $21.31.

Analysts Set New Price Targets

Separately, Bank of America cut their price target on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

Dream Finders Homes Trading Up 7.8 %

The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 1.28 and a beta of 1.95. The company has a 50 day simple moving average of $23.07 and a 200-day simple moving average of $27.11.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.25. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. Dream Finders Homes's quarterly revenue was up 35.2% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. Equities analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the transaction, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This represents a 0.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 70.45% of the stock is owned by corporate insiders.

Institutional Trading of Dream Finders Homes

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its stake in Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock valued at $27,000 after purchasing an additional 568 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Dream Finders Homes in the third quarter valued at $63,000. FMR LLC increased its holdings in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company's stock worth $107,000 after buying an additional 1,468 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Dream Finders Homes during the fourth quarter worth $116,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Dream Finders Homes in the fourth quarter valued at $149,000. Institutional investors own 95.55% of the company's stock.

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.