Invesco Ltd. Raises Holdings in Dream Finders Homes, Inc. $DFH

Key Points

• Invesco Ltd. increased its stake in Dream Finders Homes, Inc. by 3.1%, owning a total of 523,563 shares valued at approximately $11.8 million as of the end of the most recent quarter.
• Dream Finders Homes reported $0.57 earnings per share for the most recent quarter, missing the consensus estimate by $0.08, while quarterly revenue increased by 9.0% year-over-year.
• The company's shares experienced a price increase of 7.8% on a recent trading day, with a current market cap of $2.75 billion and a P/E ratio of 9.68.

Invesco Ltd. boosted its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 523,563 shares of the company's stock after purchasing an additional 15,660 shares during the period. Invesco Ltd. owned approximately 0.56% of Dream Finders Homes worth $11,812,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Dream Finders Homes by 11.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock valued at $139,847,000 after acquiring an additional 594,592 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Dream Finders Homes by 199.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock worth $48,053,000 after acquiring an additional 1,375,305 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Dream Finders Homes by 30.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock worth $15,935,000 after purchasing an additional 159,882 shares during the last quarter. Fenimore Asset Management Inc boosted its stake in shares of Dream Finders Homes by 19.3% during the 1st quarter. Fenimore Asset Management Inc now owns 665,421 shares of the company's stock worth $15,012,000 after purchasing an additional 107,840 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Dream Finders Homes by 12.9% in the 4th quarter. Northern Trust Corp now owns 298,256 shares of the company's stock worth $6,940,000 after buying an additional 34,043 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wedbush restated a "neutral" rating and issued a $26.00 target price on shares of Dream Finders Homes in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dream Finders Homes presently has a consensus rating of "Hold" and an average price target of $29.00.

Dream Finders Homes Price Performance

Shares of DFH traded down $0.19 on Friday, reaching $27.72. 232,433 shares of the stock traded hands, compared to its average volume of 446,804. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 12 month low of $19.65 and a 12 month high of $39.15. The stock's 50-day moving average price is $26.86 and its 200-day moving average price is $24.10.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly 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%.During the same quarter in the prior year, the company earned $0.83 EPS. Dream Finders Homes's revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast 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 10,852 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $27.81, for a total value of $301,794.12. Following the completion of the sale, the chief executive officer directly owned 1,957,843 shares of the company's stock, valued at $54,447,613.83. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 63,041 shares of company stock worth $1,724,320. 68.16% of the stock is owned by 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.