Bank of New York Mellon Corp Has $4.91 Million Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Bank of New York Mellon Corp boosted its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 68.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 210,926 shares of the company’s stock after acquiring an additional 85,957 shares during the quarter. Bank of New York Mellon Corp owned 0.23% of Dream Finders Homes worth $4,908,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DFH. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Dream Finders Homes in the 3rd quarter worth $33,000. First Horizon Advisors Inc. grew its position in Dream Finders Homes by 93.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after purchasing an additional 568 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Dream Finders Homes in the 3rd quarter worth about $63,000. FMR LLC increased its stake in Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after buying an additional 1,468 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Dream Finders Homes during the 3rd quarter worth approximately $234,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

Insider Transactions at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 70.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their target price on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

Dream Finders Homes Stock Performance

DFH opened at $24.02 on Tuesday. Dream Finders Homes, Inc. has a fifty-two week low of $20.54 and a fifty-two week high of $44.38. The firm has a 50-day moving average of $23.29 and a 200 day moving average of $28.30. The firm has a market cap of $2.24 billion, a P/E ratio of 7.85, a PEG ratio of 1.28 and a beta of 1.99.

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

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.