Northern Trust Corp Boosts Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Northern Trust Corp grew its position in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,256 shares of the company's stock after buying an additional 34,043 shares during the quarter. Northern Trust Corp owned 0.32% of Dream Finders Homes worth $6,940,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DFH. Barclays PLC increased its position in Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company's stock worth $3,345,000 after purchasing an additional 28,764 shares in the last quarter. SG Americas Securities LLC increased its position in Dream Finders Homes by 88.6% during the 4th quarter. SG Americas Securities LLC now owns 9,185 shares of the company's stock worth $214,000 after purchasing an additional 4,315 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Dream Finders Homes during the 4th quarter worth about $215,000. Cornerstone Wealth Group LLC purchased a new stake in Dream Finders Homes during the 4th quarter worth about $233,000. Finally, Precision Wealth Strategies LLC increased its position in Dream Finders Homes by 13.4% during the 4th quarter. Precision Wealth Strategies LLC now owns 12,127 shares of the company's stock worth $282,000 after purchasing an additional 1,429 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on DFH shares. Bank of America dropped their price objective on 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. Wedbush reiterated a "neutral" rating and set a $26.00 price objective on shares of Dream Finders Homes in a research report on Tuesday, May 6th.

Insiders Place Their Bets

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of Dream Finders Homes stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the transaction, the chief financial officer now directly owns 184,213 shares of the company's stock, valued at $4,511,376.37. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 68.16% of the stock is owned by corporate insiders.

Dream Finders Homes Price Performance

NASDAQ:DFH traded up $0.20 during mid-day trading on Friday, reaching $21.01. The company's stock had a trading volume of 263,849 shares, compared to its average volume of 491,752. The company's fifty day simple moving average is $22.48 and its two-hundred day simple moving average is $24.48. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15. The stock has a market cap of $1.97 billion, a P/E ratio of 6.86, a P/E/G ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the business earned $0.55 earnings per share. The company's revenue for the quarter was up 19.6% on a year-over-year basis. Sell-side analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

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.