Thrivent Financial for Lutherans Makes New $493,000 Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Thrivent Financial for Lutherans acquired a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 21,179 shares of the company's stock, valued at approximately $493,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. grew 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 purchasing an additional 15,100 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company's stock worth $22,539,000 after acquiring an additional 39,130 shares during the last quarter. Barclays PLC increased its position in Dream Finders Homes by 45.2% in the 3rd quarter. Barclays PLC now owns 92,402 shares of the company's stock valued at $3,345,000 after acquiring an additional 28,764 shares during the period. Amalgamated Bank raised its stake in shares of Dream Finders Homes by 872.9% during the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company's stock valued at $187,000 after acquiring an additional 7,193 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Dream Finders Homes by 2,502.1% during the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company's stock worth $24,974,000 after purchasing an additional 663,180 shares during the period. Institutional investors and hedge funds own 95.55% of the company's stock.

Wall Street Analyst Weigh In

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

Dream Finders Homes Stock Performance

Shares of NASDAQ:DFH traded down $2.02 during trading on Tuesday, reaching $20.42. The stock had a trading volume of 643,191 shares, compared to its average volume of 500,986. Dream Finders Homes, Inc. has a 52 week low of $20.06 and a 52 week high of $42.54. The firm's fifty day moving average is $23.07 and its 200 day moving average is $27.11. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 6.67, a P/E/G ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $1.00 earnings per share. Dream Finders Homes's revenue for the quarter was up 35.2% on a year-over-year basis. On average, research analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Activity at Dream Finders Homes

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

Dream Finders Homes 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.