Legal & General Group Plc Raises Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Legal & General Group Plc grew its stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 230.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,842 shares of the company's stock after buying an additional 55,695 shares during the period. Legal & General Group Plc owned approximately 0.09% of Dream Finders Homes worth $1,877,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock worth $72,788,000 after purchasing an additional 605,508 shares in the last quarter. Cooke & Bieler LP increased its position in shares of Dream Finders Homes by 19.7% during the fourth quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock worth $51,124,000 after acquiring an additional 361,616 shares during the period. Arcus Capital Partners LLC lifted its position 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 during the period. Invesco Ltd. grew its position in shares of Dream Finders Homes by 210.7% in the 4th quarter. Invesco Ltd. now owns 507,903 shares of the company's stock worth $11,819,000 after buying an additional 344,426 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Dream Finders Homes by 50.7% during the fourth quarter. Wells Fargo & Company MN now owns 442,456 shares of the company's stock valued at $10,296,000 after acquiring an additional 148,789 shares in the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Dream Finders Homes Stock Up 1.0 %

NASDAQ DFH traded up $0.24 on Thursday, reaching $22.90. The stock had a trading volume of 40,985 shares, compared to its average volume of 465,502. Dream Finders Homes, Inc. has a 12-month low of $19.65 and a 12-month high of $39.15. The stock has a fifty day moving average price of $23.02 and a two-hundred day moving average price of $25.72. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Dream Finders Homes's revenue for the quarter was up 35.2% compared to the same quarter last year. Sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the completion of the sale, the chief financial officer now owns 184,213 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 70.45% of the stock is currently owned by corporate insiders.

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.