Prudential Financial Inc. Acquires New Shares in Dream Finders Homes, Inc. (NASDAQ:DFH)

Prudential Financial Inc. bought a new position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 26,700 shares of the company's stock, valued at approximately $621,000.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock worth $27,000 after purchasing an additional 568 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Dream Finders Homes in the 3rd quarter worth $63,000. FMR LLC lifted its holdings in shares of Dream Finders Homes by 99.4% during the 3rd quarter. FMR LLC now owns 2,945 shares of the company's stock worth $107,000 after acquiring an additional 1,468 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Dream Finders Homes in the fourth quarter worth $116,000. Finally, Oregon Public Employees Retirement Fund bought a new position in Dream Finders Homes in the fourth quarter valued at $149,000. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Trading Up 0.4 %

Shares of DFH stock traded up $0.08 during trading hours on Friday, hitting $21.58. 453,731 shares of the company's stock were exchanged, compared to its average volume of 502,316. Dream Finders Homes, Inc. has a 12-month low of $19.65 and a 12-month high of $39.15. The company has a market capitalization of $2.02 billion, a PE ratio of 7.05, a PEG ratio of 1.28 and a beta of 1.95. The business's 50 day simple moving average is $22.99 and its 200-day simple moving average is $26.73.

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

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the transaction, the chief financial officer now owns 184,213 shares in the company, valued at approximately $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 70.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

About Dream Finders Homes

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.