Patrick O. Zalupski Sells 49,345 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 49,345 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $31.24, for a total transaction of $1,541,537.80. Following the sale, the chief executive officer now owns 1,156,633 shares in the company, valued at approximately $36,133,214.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Dream Finders Homes Stock Performance

NASDAQ:DFH traded up $1.13 during trading hours on Friday, reaching $32.68. The company’s stock had a trading volume of 450,786 shares, compared to its average volume of 426,981. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.62 and a beta of 1.89. The firm has a 50-day simple moving average of $27.33 and a 200-day simple moving average of $32.62. Dream Finders Homes, Inc. has a 1 year low of $18.29 and a 1 year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). Dream Finders Homes had a net margin of 7.91% and a return on equity of 34.31%. The firm had revenue of $827.80 million during the quarter, compared to analysts’ expectations of $886.34 million. During the same quarter in the previous year, the firm posted $0.45 EPS. Dream Finders Homes’s revenue was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds have recently modified their holdings of the company. Naples Money Management LLC purchased a new position in shares of Dream Finders Homes in the first quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Dream Finders Homes by 926.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after acquiring an additional 1,103 shares during the period. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Dream Finders Homes in the fourth quarter valued at about $46,000. Avalon Trust Co purchased a new position in shares of Dream Finders Homes in the fourth quarter valued at about $48,000. Finally, Global Retirement Partners LLC increased its position in shares of Dream Finders Homes by 1,000.0% in the first quarter. Global Retirement Partners LLC now owns 2,200 shares of the company’s stock valued at $96,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Wall Street Analyst Weigh In

DFH has been the topic of several research reports. Bank of America raised 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 report on Tuesday, April 2nd. Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price on the stock in a research report on Monday, May 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $24.00 target price on shares of Dream Finders Homes in a research report on Thursday, May 2nd.

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.