Thrivent Financial for Lutherans Invests $493,000 in Dream Finders Homes, Inc. (NASDAQ:DFH)

Thrivent Financial for Lutherans acquired a new position in Dream Finders Homes, Inc. (NASDAQ:DFH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,179 shares of the company’s stock, valued at approximately $493,000.

Several other large investors also recently added to or reduced their stakes in DFH. First Horizon Advisors Inc. boosted its stake in shares of Dream Finders Homes by 93.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after acquiring an additional 568 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Dream Finders Homes during the third quarter valued at $63,000. FMR LLC grew its holdings in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after purchasing an additional 1,468 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in Dream Finders Homes in the fourth quarter worth about $149,000. Finally, Amalgamated Bank raised its stake in shares of Dream Finders Homes by 872.9% in the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company’s stock worth $187,000 after buying an additional 7,193 shares during the period. 95.55% of the stock is currently owned by institutional investors.

Dream Finders Homes Stock Performance

Shares of DFH stock opened at $21.38 on Friday. The stock has a fifty day simple moving average of $23.30 and a two-hundred day simple moving average of $27.60. The firm has a market capitalization of $2.00 billion, a PE ratio of 6.99, a PEG ratio of 1.28 and a beta of 1.95. Dream Finders Homes, Inc. has a 52-week low of $20.54 and a 52-week high of $44.28.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis. On average, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of Dream Finders Homes stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now directly owns 184,213 shares of the company’s stock, valued at approximately $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 70.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.