Dream Finders Homes, Inc. (NASDAQ:DFH) Stock Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 762.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,648 shares of the company’s stock after purchasing an additional 133,176 shares during the quarter. Principal Financial Group Inc. owned 0.16% of Dream Finders Homes worth $3,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Arcus Capital Partners LLC raised its holdings in shares of Dream Finders Homes by 21.1% in the 4th quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company’s stock worth $47,967,000 after purchasing an additional 359,659 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Dream Finders Homes by 2,502.1% during the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after acquiring an additional 663,180 shares during the period. Geode Capital Management LLC raised its holdings in shares of Dream Finders Homes by 6.7% during the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after acquiring an additional 39,130 shares during the period. Hennessy Advisors Inc. raised its holdings in shares of Dream Finders Homes by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock valued at $5,485,000 after acquiring an additional 15,100 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Dream Finders Homes by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock valued at $8,207,000 after acquiring an additional 10,446 shares during the period. 95.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America cut 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 Price Performance

DFH stock opened at $23.71 on Wednesday. Dream Finders Homes, Inc. has a 52-week low of $20.54 and a 52-week high of $44.38. The company’s 50 day simple moving average is $23.02 and its 200-day simple moving average is $28.74. The firm has a market capitalization of $2.22 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.28 and a beta of 2.01.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $1.53 billion for 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 business earned $1.00 earnings per share. Sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,214 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,956,353 shares in the company, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 70.45% of the company’s stock.

About Dream Finders Homes

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.