Dream Finders Homes director Lovett sells $2.65 million in stock

Published 21/03/2025, 23:08
Dream Finders Homes director Lovett sells $2.65 million in stock

William Radford Lovett II, a director at Dream Finders Homes, Inc. (NASDAQ:DFH), sold a substantial amount of the company’s Class A common stock over a three-day period ending March 21, 2025. The transactions, which consisted of three separate sales, totaled approximately $2.65 million. The sales come as the $2.31 billion homebuilder trades at a P/E ratio of 7.1, with InvestingPro analysis indicating the stock is currently undervalued.

On March 19, Lovett sold 40,483 shares at a weighted average price of $24.55, within a price range of $24.09 to $25.04. The following day, he sold an additional 19,457 shares at an average price of $24.92, with individual sale prices ranging from $24.73 to $25.54. The final transaction occurred on March 21, when Lovett sold 49,487 shares at an average price of $23.66, with prices ranging from $23.37 to $23.94. The stock has shown significant volatility with a beta of 2.0, having declined 32.5% over the past six months despite recent positive momentum.

After these transactions, Lovett’s holdings in Dream Finders Homes stand at 4,390,959 shares. The shares sold are owned directly by the W. Radford Lovett II GST Exempt Trust, of which Lovett is the sole trustee. For comprehensive insider trading analysis and additional insights, subscribers to InvestingPro can access 10 more exclusive tips about DFH’s market position and growth potential.

In other recent news, Dream Finders Homes reported fourth quarter earnings and revenue that surpassed analyst expectations, largely due to a significant increase in home closings. The company announced Q4 adjusted earnings per share of $1.29, exceeding the analyst estimate of $1.13. Revenue rose by 35% year-over-year to $1.5 billion, surpassing the consensus estimate of $1.41 billion. The number of home closings increased by 40% to 3,008, partly due to the acquisition of Crescent Homes earlier in 2024. Despite these gains, the average sales price of homes declined by 3% to $507,477. For the full year 2024, Dream Finders reported a 17% increase in home closings to 8,583 units and an 18% rise in revenue to $4.4 billion. The company projects approximately 9,250 home closings in 2025, suggesting about 8% growth from 2024 levels. Additionally, Dream Finders completed several acquisitions in 2024 and early 2025, which they believe will support future earnings growth. The company’s adjusted homebuilding gross margin fell to 26.9% in Q4 from 28.1% a year earlier, attributed to higher land and financing costs.

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