Dream Finders Homes (NASDAQ:DFH) Shares Gap Up to $36.65

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) gapped up before the market opened on Monday . The stock had previously closed at $36.65, but opened at $37.46. Dream Finders Homes shares last traded at $36.94, with a volume of 46,222 shares.

Wall Street Analyst Weigh In

Separately, Bank of America upped their target price on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday.

Dream Finders Homes Stock Down 0.1 %

The stock has a 50 day simple moving average of $31.14 and a two-hundred day simple moving average of $31.91. The stock has a market capitalization of $3.42 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.68 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, August 1st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. Dream Finders Homes’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts predict that Dream Finders Homes, Inc. will post 3.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 7,407 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $25.25, for a total transaction of $187,026.75. Following the sale, the chief executive officer now owns 1,216,359 shares of the company’s stock, valued at approximately $30,713,064.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Patrick O. Zalupski sold 7,407 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $25.25, for a total value of $187,026.75. Following the transaction, the chief executive officer now owns 1,216,359 shares in the company, valued at $30,713,064.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick O. Zalupski sold 54,665 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.42, for a total value of $1,826,904.30. Following the transaction, the chief executive officer now owns 1,056,618 shares in the company, valued at $35,312,173.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 267,417 shares of company stock valued at $8,464,421. 70.45% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DFH. SG Americas Securities LLC increased its holdings in shares of Dream Finders Homes by 445.3% in the 1st quarter. SG Americas Securities LLC now owns 34,641 shares of the company’s stock worth $1,515,000 after buying an additional 28,288 shares during the last quarter. Axiom Investors LLC DE purchased a new position in shares of Dream Finders Homes in the fourth quarter valued at about $6,718,000. Norden Group LLC raised its stake in shares of Dream Finders Homes by 2,580.6% during the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after acquiring an additional 309,461 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Dream Finders Homes in the first quarter worth about $1,570,000. Finally, Teacher Retirement System of Texas purchased a new position in Dream Finders Homes during the 4th quarter valued at about $479,000. Hedge funds and other institutional investors 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.