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Dream Finders Homes , Inc. (NYSE:DFH), a $2.1 billion homebuilder showing strong financial health according to InvestingPro metrics, disclosed in an SEC filing that Director W. Radford Lovett II will retire from the Board of Directors effective June 9, 2025. The announcement, made on May 8, 2025, cited Lovett’s need to focus on his other business and personal commitments as the reason for his departure.
Lovett, who has been a Director since January 2021, has played a significant role as an investor and advisor for the company. With a background as a founder and CEO of several successful companies, including TowerCom, Ltd, TowerCom Development, LP, and TowerCom, LLC, Lovett brought extensive experience to the board. He also co-founded the venture capital firm Lovett Miller & Co., and previously served as president of Southcoast Capital Corporation.
The company expressed its gratitude for Lovett’s eleven years of service and his commitment to corporate governance. Trading at an attractive P/E ratio of 6.8 and currently appearing undervalued according to InvestingPro analysis (which offers 6 additional ProTips for subscribers), Dream Finders Homes, Inc. looks forward to his continued support as the company evolves.
The information in this article is based on a press release statement from Dream Finders Homes, Inc. and the related SEC filing.
In other recent news, Dream Finders Homes reported fourth-quarter earnings and revenue that surpassed analyst expectations, primarily due to a notable increase in home closings. The company achieved adjusted earnings per share of $1.29, exceeding the analyst estimate of $1.13, while revenue rose 35% year-over-year to $1.5 billion, surpassing the $1.41 billion consensus estimate. The quarter saw a 40% increase in home closings, totaling 3,008, with contributions from the acquisition of Crescent Homes earlier in 2024. Despite this growth, the average sales price of homes declined by 3% to $507,477. For the full year 2024, Dream Finders saw home closings increase by 17% to 8,583 units, and revenue rose by 18% to $4.4 billion. Looking forward, the company anticipates approximately 9,250 home closings in 2025, representing about 8% growth from 2024. Several acquisitions completed in 2024 and early 2025 are expected to contribute to future earnings growth. The company’s adjusted homebuilding gross margin declined to 26.9% in Q4 from 28.1% a year earlier, attributed to higher land and financing costs.
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