Northern Trust Corp Increases Stock Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Northern Trust Corp raised its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 298,256 shares of the company's stock after purchasing an additional 34,043 shares during the quarter. Northern Trust Corp owned 0.32% of Dream Finders Homes worth $6,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DFH. First Horizon Advisors Inc. lifted its position in Dream Finders Homes by 93.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock valued at $27,000 after acquiring an additional 568 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Dream Finders Homes during the 4th quarter worth about $116,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Dream Finders Homes during the fourth quarter worth approximately $149,000. State of Tennessee Department of Treasury acquired a new stake in Dream Finders Homes in the 4th quarter valued at about $163,000. Finally, Amalgamated Bank grew its holdings in shares of Dream Finders Homes by 872.9% in the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company's stock valued at $187,000 after purchasing an additional 7,193 shares during the period. Hedge funds and other institutional investors own 95.55% of the company's stock.

Dream Finders Homes Price Performance

NASDAQ DFH opened at $23.32 on Tuesday. The company has a 50-day moving average of $22.69 and a 200-day moving average of $24.77. Dream Finders Homes, Inc. has a 12 month low of $19.65 and a 12 month high of $39.15. The company has a market cap of $2.18 billion, a P/E ratio of 7.62, a P/E/G ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share 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%. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the transaction, the chief financial officer now owns 184,213 shares of the company's stock, valued at approximately $4,511,376.37. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 70.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DFH shares. Wedbush reaffirmed a "neutral" rating and set a $26.00 price objective on shares of Dream Finders Homes in a research report on Tuesday, May 6th. Bank of America cut their price target on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

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.

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