Dream Finders Homes (NASDAQ:DFH) Raised to Outperform at Zelman & Associates

Zelman & Associates upgraded shares of Dream Finders Homes (NASDAQ:DFH - Free Report) from a neutral rating to an outperform rating in a research report report published on Monday morning, Benzinga reports. They currently have $34.50 price objective on the stock.

Other equities research analysts have also issued reports about the company. Wedbush reaffirmed a neutral rating and set a $24.00 target price on shares of Dream Finders Homes in a research note on Thursday, May 2nd. Bank of America increased their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a neutral rating in a research note on Tuesday, April 2nd. Finally, TheStreet raised shares of Dream Finders Homes from a c rating to a b rating in a research note on Friday, March 1st.

Dream Finders Homes Stock Down 1.6 %

DFH traded down $0.50 during midday trading on Monday, hitting $30.12. 490,479 shares of the company traded hands, compared to its average volume of 417,161. The company's 50-day moving average is $37.50 and its 200 day moving average is $32.65. Dream Finders Homes has a 52 week low of $16.20 and a 52 week high of $44.38. The firm has a market capitalization of $2.81 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.64 and a beta of 2.05.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.11). Dream Finders Homes had a return on equity of 34.31% and a net margin of 7.91%. The company had revenue of $827.80 million during the quarter, compared to the consensus estimate of $886.34 million. During the same period in the prior year, the business posted $0.45 earnings per share. Dream Finders Homes's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Dream Finders Homes will post 3.21 earnings per share for the current fiscal year.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 24,400 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $31.59, for a total value of $770,796.00. Following the transaction, the chief executive officer now owns 1,615,376 shares in the company, valued at approximately $51,029,727.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Patrick O. Zalupski sold 54,270 shares of Dream Finders Homes stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $42.05, for a total value of $2,282,053.50. Following the transaction, the chief executive officer now directly owns 1,507,805 shares of the company's stock, valued at approximately $63,403,200.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 24,400 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $31.59, for a total transaction of $770,796.00. Following the sale, the chief executive officer now owns 1,615,376 shares of the company's stock, valued at approximately $51,029,727.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 250,334 shares of company stock worth $9,703,070. Corporate insiders own 70.45% of the company's stock.

Institutional Investors Weigh In On Dream Finders Homes

Institutional investors have recently added to or reduced their stakes in the business. Naples Money Management LLC purchased a new stake in Dream Finders Homes during the first quarter worth $25,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Dream Finders Homes by 926.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company's stock worth $54,000 after buying an additional 1,103 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Dream Finders Homes in the 4th quarter worth about $46,000. Avalon Trust Co purchased a new position in Dream Finders Homes during the 4th quarter valued at about $48,000. Finally, Global Retirement Partners LLC raised its position in Dream Finders Homes by 1,000.0% during the first quarter. Global Retirement Partners LLC now owns 2,200 shares of the company's stock worth $96,000 after acquiring an additional 2,000 shares during the last quarter. 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.