Dream Finders Homes (NASDAQ:DFH) Trading Up 6.8% - Here's Why

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shares traded up 6.8% during trading on Monday . The company traded as high as $23.76 and last traded at $23.86. 182,396 shares were traded during trading, a decline of 63% from the average session volume of 498,715 shares. The stock had previously closed at $22.34.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Stock Performance

The firm has a market capitalization of $2.25 billion, a PE ratio of 7.86, a P/E/G ratio of 1.28 and a beta of 1.86. The stock's 50-day simple moving average is $22.25 and its 200-day simple moving average is $23.22.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share (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%. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm's revenue was up 19.6% compared to the same quarter last year. As a group, analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Dream Finders Homes by 11.0% in the fourth 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. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 605,508 shares during the last quarter. Cooke & Bieler LP increased its position in Dream Finders Homes by 19.7% during the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock valued at $51,124,000 after buying an additional 361,616 shares in the last quarter. Janus Henderson Group PLC increased its position in Dream Finders Homes by 199.4% during the 4th 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Dream Finders Homes by 30.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock valued at $15,935,000 after buying an additional 159,882 shares during the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

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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