Vanguard Group Inc. Buys 605,508 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Vanguard Group Inc. boosted its stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,127,977 shares of the company's stock after acquiring an additional 605,508 shares during the period. Vanguard Group Inc. owned 3.35% of Dream Finders Homes worth $72,788,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its stake in Dream Finders Homes by 93.9% during 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 acquired a new position in shares of Dream Finders Homes in the 3rd quarter valued at about $63,000. FMR LLC raised its stake in Dream Finders Homes by 99.4% during the third 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 period. KLP Kapitalforvaltning AS bought a new position in Dream Finders Homes in the fourth quarter worth about $116,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in Dream Finders Homes in the fourth quarter valued at approximately $149,000. 95.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America cut their price target 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 Price Performance

Shares of NASDAQ DFH traded down $0.34 during mid-day trading on Wednesday, reaching $21.31. 32,939 shares of the company traded hands, compared to its average volume of 498,988. Dream Finders Homes, Inc. has a fifty-two week low of $19.65 and a fifty-two week high of $39.15. The stock has a fifty day simple moving average of $22.96 and a 200-day simple moving average of $26.59. The firm has a market cap of $1.99 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating 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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company posted $1.00 EPS. Dream Finders Homes's revenue for the quarter was up 35.2% on a year-over-year basis. As a group, analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

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

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.