New York State Common Retirement Fund Grows Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

New York State Common Retirement Fund lifted its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,404 shares of the company's stock after purchasing an additional 12,000 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Dream Finders Homes worth $2,017,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DFH. New York State Teachers Retirement System grew its position in 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 acquiring an additional 1,200 shares during the period. M&T Bank Corp grew its position in Dream Finders Homes by 10.9% in the first quarter. M&T Bank Corp now owns 33,603 shares of the company's stock valued at $758,000 after acquiring an additional 3,306 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 5,370 shares during the period. D. E. Shaw & Co. Inc. bought a new stake in Dream Finders Homes in the fourth quarter valued at $518,000. Finally, Deutsche Bank AG grew its position in Dream Finders Homes by 58.3% in the fourth quarter. Deutsche Bank AG now owns 25,159 shares of the company's stock valued at $585,000 after acquiring an additional 9,269 shares during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Price Performance

DFH stock traded up $0.13 during mid-day trading on Friday, reaching $27.43. The company had a trading volume of 553,399 shares, compared to its average volume of 465,151. The stock has a 50 day simple moving average of $24.27 and a two-hundred day simple moving average of $23.41. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.28 and a beta of 1.90. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. During the same period in the prior year, the company earned $0.55 EPS. The company's revenue was up 19.6% on a year-over-year basis. On average, equities analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 10,687 shares of Dream Finders Homes stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $27.42, for a total value of $293,037.54. Following the completion of the transaction, the chief executive officer directly owned 1,999,507 shares of the company's stock, valued at approximately $54,826,481.94. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 31,264 shares of company stock worth $855,698. 68.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a "neutral" rating and set a $26.00 target price on shares of Dream Finders Homes in a report on Tuesday, May 6th.

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.