Principal Financial Group Inc. Has $633,000 Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Principal Financial Group Inc. decreased its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,472 shares of the company’s stock after selling 1,345 shares during the quarter. Principal Financial Group Inc.’s holdings in Dream Finders Homes were worth $633,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DFH. Janus Henderson Group PLC raised its position in shares of Dream Finders Homes by 3.3% during the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company’s stock worth $992,000 after acquiring an additional 728 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Dream Finders Homes by 17.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock valued at $304,000 after purchasing an additional 1,041 shares during the last quarter. Simplicity Wealth LLC grew its position in shares of Dream Finders Homes by 6.2% during the 2nd quarter. Simplicity Wealth LLC now owns 21,565 shares of the company’s stock worth $557,000 after buying an additional 1,259 shares during the period. Versor Investments LP raised its stake in shares of Dream Finders Homes by 13.0% during the second quarter. Versor Investments LP now owns 11,800 shares of the company’s stock worth $305,000 after buying an additional 1,354 shares during the last quarter. Finally, Precision Wealth Strategies LLC lifted its holdings in Dream Finders Homes by 17.6% in the third quarter. Precision Wealth Strategies LLC now owns 10,698 shares of the company’s stock valued at $387,000 after buying an additional 1,598 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, Director William Radford Lovett II sold 8,698 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $30.39, for a total transaction of $264,332.22. Following the transaction, the director now owns 4,877,666 shares in the company, valued at $148,232,269.74. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 59,106 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $31.42, for a total value of $1,857,110.52. Following the sale, the chief executive officer now owns 801,105 shares of the company’s stock, valued at approximately $25,170,719.10. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 344,357 shares of company stock worth $11,481,981. Company insiders own 70.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America increased their target price on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th.

Dream Finders Homes Price Performance

Shares of Dream Finders Homes stock opened at $31.65 on Friday. Dream Finders Homes, Inc. has a 1 year low of $23.46 and a 1 year high of $44.38. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.74 and a beta of 1.93. The business has a fifty day simple moving average of $32.82 and a two-hundred day simple moving average of $30.21.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

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.