Dream Finders Homes, Inc. $DFH Stock Position Decreased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Dream Finders Homes, Inc. by 0.8%, now holding about 3.32% of the company, valued at $70.03 million.
• Wedbush maintained a "neutral" rating for Dream Finders Homes, setting its price target at $26.00, while the consensus price target from analysts is $29.00.
• Dream Finders Homes reported an EPS of $0.57 for the last quarter, missing estimates, and experienced a 1.5% drop in stock price to $28.59.

Vanguard Group Inc. lowered its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,104,185 shares of the company's stock after selling 23,792 shares during the quarter. Vanguard Group Inc. owned 3.32% of Dream Finders Homes worth $70,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vestcor Inc increased its stake in Dream Finders Homes by 43.8% during the first quarter. Vestcor Inc now owns 25,600 shares of the company's stock worth $578,000 after acquiring an additional 7,800 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of Dream Finders Homes by 22.9% during the 1st quarter. Denali Advisors LLC now owns 277,496 shares of the company's stock worth $6,260,000 after purchasing an additional 51,638 shares during the period. New York State Common Retirement Fund increased its position in Dream Finders Homes by 15.5% during the 1st quarter. New York State Common Retirement Fund now owns 89,404 shares of the company's stock worth $2,017,000 after purchasing an additional 12,000 shares in the last quarter. Alps Advisors Inc. raised its holdings in Dream Finders Homes by 48.7% in the first quarter. Alps Advisors Inc. now owns 14,963 shares of the company's stock valued at $338,000 after buying an additional 4,899 shares during the period. Finally, M&T Bank Corp lifted its position in Dream Finders Homes by 10.9% during the first quarter. M&T Bank Corp now owns 33,603 shares of the company's stock valued at $758,000 after buying an additional 3,306 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company's stock.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a "neutral" rating and set a $26.00 price target on shares of Dream Finders Homes in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dream Finders Homes currently has an average rating of "Hold" and an average target price of $29.00.

Dream Finders Homes Stock Performance

Shares of NASDAQ DFH traded down $0.19 during midday trading on Friday, reaching $27.72. 232,433 shares of the company's stock were exchanged, compared to its average volume of 446,804. Dream Finders Homes, Inc. has a 52-week low of $19.65 and a 52-week high of $39.15. The business's fifty day moving average price is $26.86 and its two-hundred day moving average price is $24.10. The stock has a market capitalization of $2.58 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. During the same period last year, the business posted $0.83 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 5,259 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $28.09, for a total transaction of $147,725.31. Following the completion of the sale, the chief executive officer owned 1,946,898 shares of the company's stock, valued at approximately $54,688,364.82. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 63,041 shares of company stock worth $1,724,320 over the last three months. 68.16% of the stock is currently owned by company insiders.

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.