Wells Fargo & Company MN Boosts Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Wells Fargo & Company MN raised its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 442,456 shares of the company's stock after purchasing an additional 148,789 shares during the period. Wells Fargo & Company MN owned 0.47% of Dream Finders Homes worth $10,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of DFH. FMR LLC lifted its holdings in shares of Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company's stock worth $107,000 after acquiring an additional 1,468 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Dream Finders Homes in the 3rd quarter worth about $234,000. Barclays PLC lifted its stake in 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 purchasing an additional 28,764 shares during the last quarter. Geode Capital Management LLC boosted its position 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 buying an additional 39,130 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Dream Finders Homes during the third quarter valued at approximately $63,000. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Stock Up 5.7 %

DFH stock traded up $1.19 during trading on Tuesday, hitting $22.23. The company had a trading volume of 396,247 shares, compared to its average volume of 499,655. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $39.15. The company has a 50 day simple moving average of $22.95 and a 200-day simple moving average of $26.10. The firm has a market capitalization of $2.08 billion, a P/E ratio of 7.27, a PEG ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping 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 company's quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. Sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insiders Place Their Bets

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the transaction, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This represents a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 70.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Bank of America reduced their price target on 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 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.