Avalon Trust Co Makes New $48,000 Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Avalon Trust Co acquired a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,363 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dream Finders Homes by 51.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock worth $84,000 after acquiring an additional 1,295 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Dream Finders Homes in the fourth quarter worth $226,000. Arizona State Retirement System purchased a new position in shares of Dream Finders Homes in the fourth quarter worth $229,000. Cornerstone Investment Partners LLC bought a new stake in Dream Finders Homes during the 4th quarter valued at $265,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in Dream Finders Homes during the 4th quarter valued at $313,000. Institutional investors own 95.55% of the company’s stock.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 30,433 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the transaction, the chief executive officer now owns 1,357,978 shares of the company’s stock, valued at approximately $47,271,214.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Patrick O. Zalupski sold 34,961 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $42.46, for a total value of $1,484,444.06. Following the transaction, the chief executive officer now directly owns 1,428,742 shares in the company, valued at approximately $60,664,385.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 30,433 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the sale, the chief executive officer now owns 1,357,978 shares of the company’s stock, valued at approximately $47,271,214.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 277,812 shares of company stock valued at $10,552,415. Corporate insiders own 70.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wedbush restated a “neutral” rating and issued a $24.00 price objective on shares of Dream Finders Homes in a research report on Thursday. Bank of America boosted their price target on Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, TheStreet raised Dream Finders Homes from a “c” rating to a “b” rating in a research report on Friday, March 1st.

Dream Finders Homes Stock Down 3.3 %

Shares of NASDAQ:DFH traded down $1.05 on Friday, hitting $31.23. 1,026,591 shares of the company traded hands, compared to its average volume of 428,996. The stock has a 50 day simple moving average of $38.20 and a 200-day simple moving average of $32.24. The company has a market cap of $2.91 billion, a PE ratio of 10.59, a PEG ratio of 0.84 and a beta of 2.05. Dream Finders Homes, Inc. has a 52 week low of $15.28 and a 52 week 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 for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). The firm had revenue of $827.80 million for the quarter, compared to the consensus estimate of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, sell-side analysts anticipate that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current year.

Dream Finders Homes 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.