Intech Investment Management LLC Raises Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Intech Investment Management LLC boosted its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 49.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,676 shares of the company’s stock after purchasing an additional 5,819 shares during the period. Intech Investment Management LLC’s holdings in Dream Finders Homes were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Dream Finders Homes in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. lifted its holdings in Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after acquiring an additional 568 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Dream Finders Homes in the 3rd quarter worth approximately $63,000. FMR LLC grew its stake 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 purchasing an additional 1,468 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Dream Finders Homes during the 4th quarter valued at approximately $149,000. 95.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction that occurred on 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 approximately $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 70.45% of the company’s stock.

Dream Finders Homes Trading Down 0.9 %

Shares of DFH opened at $24.24 on Wednesday. The firm has a market cap of $2.26 billion, a P/E ratio of 7.92, a PEG ratio of 1.28 and a beta of 1.99. Dream Finders Homes, Inc. has a 12 month low of $20.54 and a 12 month high of $44.38. The stock’s 50 day moving average is $23.51 and its two-hundred day moving average is $27.99.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. Equities research analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered their price target on shares of 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 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.