Dream Finders Homes, Inc. (NASDAQ:DFH) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 129.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,510 shares of the company’s stock after purchasing an additional 38,668 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Dream Finders Homes worth $2,434,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dream Finders Homes by 51.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock worth $84,000 after purchasing an additional 1,295 shares during the last quarter. Portside Wealth Group LLC lifted its holdings in Dream Finders Homes by 9.8% during the 4th quarter. Portside Wealth Group LLC now owns 15,970 shares of the company’s stock worth $567,000 after buying an additional 1,429 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE grew its position in shares of Dream Finders Homes by 1.0% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 155,668 shares of the company’s stock worth $5,531,000 after acquiring an additional 1,580 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in shares of Dream Finders Homes by 15.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 12,128 shares of the company’s stock valued at $431,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Capula Management Ltd raised its position in shares of Dream Finders Homes by 7.2% during the 3rd quarter. Capula Management Ltd now owns 41,780 shares of the company’s stock valued at $929,000 after acquiring an additional 2,820 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dream Finders Homes

In related news, CFO Lorena Anabel Fernandez sold 924 shares of Dream Finders Homes stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $38.50, for a total value of $35,574.00. Following the sale, the chief financial officer now directly owns 139,172 shares in the company, valued at approximately $5,358,122. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 24,400 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $31.59, for a total transaction of $770,796.00. Following the sale, the chief executive officer now directly owns 1,615,376 shares in the company, valued at approximately $51,029,727.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Lorena Anabel Fernandez sold 924 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $38.50, for a total transaction of $35,574.00. Following the sale, the chief financial officer now owns 139,172 shares in the company, valued at $5,358,122. The disclosure for this sale can be found here. Insiders have sold a total of 250,334 shares of company stock worth $9,703,070 in the last ninety days. 70.45% of the stock is owned by insiders.

Analysts Set New Price Targets

DFH has been the subject of several recent research reports. Bank of America boosted their target price on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. TheStreet upgraded shares of Dream Finders Homes from a “c” rating to a “b” rating in a research note on Friday, March 1st. Finally, Wedbush restated a “neutral” rating and issued a $24.00 target price on shares of Dream Finders Homes in a research note on Thursday, May 2nd.

Dream Finders Homes Stock Performance

DFH stock opened at $30.76 on Wednesday. The stock’s fifty day moving average is $38.07 and its two-hundred day moving average is $32.33. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.84 and a beta of 2.05. Dream Finders Homes, Inc. has a 1 year low of $16.18 and a 1 year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.11). The firm had revenue of $827.80 million during the quarter, compared to the consensus estimate of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, analysts predict that Dream Finders Homes, Inc. will post 3.45 EPS 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.