State Street Corp Decreases Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

State Street Corp decreased its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,162,530 shares of the company's stock after selling 84,543 shares during the quarter. State Street Corp owned about 1.24% of Dream Finders Homes worth $42,095,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Dream Finders Homes in the 3rd quarter valued at approximately $33,000. nVerses Capital LLC lifted its position in Dream Finders Homes by 1,800.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the company's stock worth $49,000 after buying an additional 1,800 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in Dream Finders Homes during the third quarter worth $105,000. Benjamin F. Edwards & Company Inc. increased its position in Dream Finders Homes by 139.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company's stock valued at $75,000 after acquiring an additional 1,701 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Dream Finders Homes by 99.4% in the third quarter. FMR LLC now owns 2,945 shares of the company's stock valued at $107,000 after acquiring an additional 1,468 shares during the period. Institutional investors own 95.55% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Bank of America lifted their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th.

Dream Finders Homes Stock Performance

Dream Finders Homes stock traded up $0.27 during mid-day trading on Friday, hitting $23.97. The company's stock had a trading volume of 2,796,527 shares, compared to its average volume of 479,255. The company has a 50 day moving average of $30.88 and a 200-day moving average of $30.38. Dream Finders Homes, Inc. has a one year low of $22.95 and a one year high of $44.38. The stock has a market cap of $2.24 billion, a PE ratio of 7.83, a P/E/G ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company had revenue of $986.26 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company's revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, Director William Radford Lovett II sold 10,492 shares of the firm's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the transaction, the director now owns 4,667,800 shares of the company's stock, valued at approximately $157,118,148. This trade represents a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick O. Zalupski sold 18,214 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the completion of the sale, the chief executive officer now owns 1,956,353 shares of the company's stock, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,724 shares of company stock valued at $6,418,204. 70.45% of the stock is currently owned by company insiders.

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.