Principal Financial Group Inc. Decreases Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Principal Financial Group Inc. trimmed its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,472 shares of the company’s stock after selling 1,345 shares during the period. Principal Financial Group Inc.’s holdings in Dream Finders Homes were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Dream Finders Homes in the third quarter valued at about $63,000. Geode Capital Management LLC boosted its stake in shares of Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after buying an additional 39,130 shares during the last quarter. Vestcor Inc acquired a new stake in shares of Dream Finders Homes during the third quarter worth approximately $645,000. Barclays PLC increased its stake in shares of Dream Finders Homes by 45.2% in the third quarter. Barclays PLC now owns 92,402 shares of the company’s stock worth $3,345,000 after buying an additional 28,764 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Dream Finders Homes in the third quarter worth $260,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Up 1.1 %

NASDAQ:DFH opened at $23.18 on Monday. The company has a market cap of $2.17 billion, a PE ratio of 7.58, a P/E/G ratio of 0.72 and a beta of 2.02. The business’s 50 day moving average is $28.94 and its two-hundred day moving average is $30.19. Dream Finders Homes, Inc. has a 52 week low of $22.18 and a 52 week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last posted 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 firm had revenue of $986.26 million for the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. As a group, sell-side analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

In related news, Director William Radford Lovett II sold 10,492 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $33.66, for a total transaction of $353,160.72. Following the completion of the transaction, the director now directly owns 4,667,800 shares in the company, valued at $157,118,148. This represents a 0.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick O. Zalupski sold 18,214 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the sale, the chief executive officer now owns 1,956,353 shares in the company, valued at $53,721,453.38. The trade was a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,837 shares of company stock worth $4,866,570. 70.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Bank of America increased their price objective on shares of 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 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.