Bank of America Increases Dream Finders Homes (NASDAQ:DFH) Price Target to $38.00

Dream Finders Homes (NASDAQ:DFH) had its price target hoisted by research analysts at Bank of America from $35.00 to $38.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 3.49% from the stock’s previous close.

Dream Finders Homes Price Performance

NASDAQ:DFH opened at $36.72 on Thursday. The company’s 50-day moving average is $31.14 and its two-hundred day moving average is $31.99. Dream Finders Homes has a 1-year low of $18.29 and a 1-year high of $44.38. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.68 and a beta of 1.89.

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

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 6,581 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $25.18, for a total value of $165,709.58. Following the transaction, the chief executive officer now directly owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick O. Zalupski sold 6,581 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $25.18, for a total transaction of $165,709.58. Following the completion of the transaction, the chief executive officer now directly owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 54,665 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $33.42, for a total transaction of $1,826,904.30. Following the sale, 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. Insiders sold a total of 267,417 shares of company stock worth $8,464,421 over the last three months. Insiders own 70.45% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Naples Money Management LLC acquired a new stake in shares of Dream Finders Homes in the first quarter valued at $25,000. nVerses Capital LLC increased its holdings in Dream Finders Homes by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $49,000 after purchasing an additional 1,800 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in 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 valued at $54,000 after purchasing an additional 1,103 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Dream Finders Homes in the 2nd quarter valued at about $68,000. Finally, Palouse Capital Management Inc. acquired a new position in shares of Dream Finders Homes during the second quarter worth about $79,000. 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.