State Street Corp Sells 84,543 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

State Street Corp decreased its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,162,530 shares of the company’s stock after selling 84,543 shares during the quarter. State Street Corp owned about 1.24% of Dream Finders Homes worth $42,095,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DFH. Cooke & Bieler LP raised its position in shares of Dream Finders Homes by 17.5% in the 2nd quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock valued at $48,182,000 after acquiring an additional 277,499 shares during the period. Janus Henderson Group PLC raised its holdings in Dream Finders Homes by 2,502.1% in 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. Dimensional Fund Advisors LP boosted its position in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after purchasing an additional 150,026 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Dream Finders Homes by 57.9% during the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock worth $8,859,000 after purchasing an additional 125,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Dream Finders Homes by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock valued at $8,207,000 after buying an additional 10,446 shares during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 16,987 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $33.09, for a total value of $562,099.83. Following the completion of the sale, the chief executive officer now directly owns 877,341 shares of the company’s stock, valued at $29,031,213.69. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Radford Lovett II sold 9,869 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $34.84, for a total value of $343,835.96. Following the completion of the transaction, the director now owns 4,694,252 shares in the company, valued at $163,547,739.68. This represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,724 shares of company stock valued at $6,418,204 in the last 90 days. 70.45% of the stock is currently owned by corporate insiders.

Dream Finders Homes Trading Up 1.1 %

Dream Finders Homes stock opened at $23.97 on Friday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.72 and a beta of 1.93. Dream Finders Homes, Inc. has a 12 month low of $22.95 and a 12 month high of $44.38. The stock’s 50 day moving average is $30.88 and its 200-day moving average is $30.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.14). The company had revenue of $986.26 million for the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. As a group, equities research analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.