Dream Finders Homes (NYSE:DFH) Announces Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Dream Finders Homes (NYSE:DFH) announced its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.15), Zacks reports. The firm had revenue of $887.84 million for the quarter. Dream Finders Homes had a net margin of 5.02% and a return on equity of 16.00%.

Dream Finders Homes Stock Up 4.4%

Shares of NYSE DFH traded up $0.65 during midday trading on Friday, reaching $15.25. 725,910 shares of the stock were exchanged, compared to its average volume of 588,881. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 4.26 and a beta of 1.94. Dream Finders Homes has a twelve month low of $13.22 and a twelve month high of $31.50. The firm has a 50-day simple moving average of $15.35 and a two-hundred day simple moving average of $18.10.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citizens Jmp upgraded shares of Dream Finders Homes to a “hold” rating in a report on Wednesday, January 7th. Wall Street Zen lowered Dream Finders Homes from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Zacks Research lowered Dream Finders Homes from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Weiss Ratings lowered Dream Finders Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Citigroup began coverage on Dream Finders Homes in a report on Wednesday, January 7th. They set a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

Institutional Inflows and Outflows

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

About Dream Finders Homes

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.