Invesco Ltd. Boosts Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Invesco Ltd. boosted its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 210.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 507,903 shares of the company's stock after acquiring an additional 344,426 shares during the quarter. Invesco Ltd. owned 0.54% of Dream Finders Homes worth $11,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DFH. Hennessy Advisors Inc. increased its holdings in shares of Dream Finders Homes by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company's stock worth $5,485,000 after buying an additional 15,100 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dream Finders Homes by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company's stock valued at $22,539,000 after purchasing an additional 39,130 shares during the last quarter. Barclays PLC grew its holdings in Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company's stock worth $3,345,000 after acquiring an additional 28,764 shares during the period. Wells Fargo & Company MN increased its holdings in Dream Finders Homes by 50.7% in the fourth quarter. Wells Fargo & Company MN now owns 442,456 shares of the company's stock worth $10,296,000 after purchasing an additional 148,789 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Dream Finders Homes by 872.9% in the 4th quarter. Amalgamated Bank now owns 8,017 shares of the company's stock valued at $187,000 after acquiring an additional 7,193 shares in the last quarter. Institutional investors own 95.55% of the company's stock.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the sale, the chief financial officer now owns 184,213 shares in the company, valued at $4,511,376.37. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 70.45% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered their target price on Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th.

Dream Finders Homes Price Performance

Shares of NASDAQ DFH traded down $0.18 during trading on Friday, hitting $22.62. The stock had a trading volume of 462,518 shares, compared to its average volume of 500,151. The company has a market capitalization of $2.11 billion, a PE ratio of 7.39, a PEG ratio of 1.28 and a beta of 1.95. Dream Finders Homes, Inc. has a 12 month low of $19.65 and a 12 month high of $39.15. The firm has a fifty day moving average of $22.95 and a two-hundred day moving average of $26.00.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the previous year, the business posted $1.00 EPS. The business's revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Dream Finders Homes Company 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.