Vanguard Group Inc. Has $70.03 Million Position in Dream Finders Homes, Inc. $DFH

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. cut its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,104,185 shares of the company's stock after selling 23,792 shares during the period. Vanguard Group Inc. owned about 3.32% of Dream Finders Homes worth $70,030,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Eukles Asset Management bought a new stake in Dream Finders Homes during the 1st quarter worth $34,000. GAMMA Investing LLC raised its position in Dream Finders Homes by 907.1% in the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock valued at $135,000 after purchasing an additional 5,370 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Dream Finders Homes during the fourth quarter valued at about $163,000. State of Wyoming grew its holdings in shares of Dream Finders Homes by 223.6% during the fourth quarter. State of Wyoming now owns 8,104 shares of the company's stock worth $189,000 after purchasing an additional 5,600 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in shares of Dream Finders Homes by 14.6% in the first quarter. New York State Teachers Retirement System now owns 9,438 shares of the company's stock valued at $213,000 after buying an additional 1,200 shares during the period. 95.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated a "neutral" rating and set a $26.00 target price 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.com, the stock has an average rating of "Hold" and a consensus target price of $29.00.

Dream Finders Homes Trading Down 0.8%

NASDAQ:DFH traded down $0.22 on Thursday, reaching $27.88. 70,475 shares of the stock traded hands, compared to its average volume of 447,524. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $39.15. The company's 50 day moving average is $26.64 and its 200-day moving average is $24.02.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its earnings results 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 return on equity of 30.18% and a net margin of 7.65%.The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. On average, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 10,852 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $27.81, for a total value of $301,794.12. Following the transaction, the chief executive officer directly owned 1,957,843 shares of the company's stock, valued at $54,447,613.83. The trade was a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 52,096 shares of company stock valued at $1,413,179. Company insiders own 68.16% of the company's stock.

Dream Finders Homes 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.