Dream Finders Homes (NYSE:DFH) Posts Quarterly Earnings Results

Dream Finders Homes (NYSE:DFH) announced its earnings results on Thursday. The company reported $0.27 earnings per share for the quarter, Zacks reports. Dream Finders Homes had a net margin of 4.16% and a return on equity of 12.65%. The business had revenue of $1.06 billion during the quarter.

Dream Finders Homes Stock Performance

Dream Finders Homes stock traded down $1.53 during trading hours on Thursday, reaching $13.89. 345,868 shares of the stock were exchanged, compared to its average volume of 647,911. Dream Finders Homes has a 52-week low of $12.20 and a 52-week high of $31.50. The stock has a market cap of $1.27 billion, a P/E ratio of 8.07 and a beta of 1.85. The firm’s 50 day moving average is $15.54 and its 200 day moving average is $16.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Dream Finders Homes by 39.3% during the first quarter. Royal Bank of Canada now owns 10,275 shares of the company’s stock worth $232,000 after purchasing an additional 2,898 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dream Finders Homes by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company’s stock valued at $374,000 after purchasing an additional 681 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Dream Finders Homes by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock valued at $11,728,000 after purchasing an additional 41,117 shares in the last quarter. Creative Planning acquired a new position in Dream Finders Homes during the 2nd quarter worth approximately $206,000. Finally, American Century Companies Inc. acquired a new position in Dream Finders Homes during the 2nd quarter worth approximately $789,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen downgraded Dream Finders Homes from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings downgraded Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Dream Finders Homes presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Company Profile

Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single‐family homes, townhomes and condominiums. The company operates a semi‐custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.

Since its founding in 2015, Dream Finders Homes has focused on master‐planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.