Dream Finders Homes (NASDAQ:DFH) Trading Down 3.1% - What's Next?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) were down 3.1% during trading on Thursday . The company traded as low as $25.97 and last traded at $26.02. Approximately 178,566 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 501,110 shares. The stock had previously closed at $26.84.

Analysts Set New Price Targets

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

Dream Finders Homes Stock Performance

The stock has a market capitalization of $2.45 billion, a P/E ratio of 8.54, a PEG ratio of 1.28 and a beta of 1.90. The firm has a fifty day moving average price of $22.82 and a two-hundred day moving average price of $23.05.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. On average, research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC increased its holdings in Dream Finders Homes by 199.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock valued at $48,053,000 after buying an additional 1,375,305 shares during the last quarter. Vanguard Group Inc. raised its holdings in Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock worth $72,788,000 after purchasing an additional 605,508 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Dream Finders Homes by 11.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock worth $139,847,000 after purchasing an additional 594,592 shares during the period. Cooke & Bieler LP lifted its position in Dream Finders Homes by 19.7% during the fourth quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock valued at $51,124,000 after purchasing an additional 361,616 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Dream Finders Homes by 210.7% during the fourth quarter. Invesco Ltd. now owns 507,903 shares of the company's stock valued at $11,819,000 after purchasing an additional 344,426 shares during the period. Hedge funds and other 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.

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