Dream Finders Homes, Inc. $DFH Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Dream Finders Homes, Inc. by 25.7%, owning a total of 86,928 shares valued at approximately $1.96 million.
• Several institutional investors, including M&T Bank Corp and New York State Teachers Retirement System, also raised their stakes, with 95.55% of the company’s stock now owned by institutional investors.
• The company reported $0.57 EPS for the last quarter, missing expectations of $0.65 EPS, while its revenue increased by 9% compared to the previous year.

Public Sector Pension Investment Board grew its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 25.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,928 shares of the company's stock after purchasing an additional 17,758 shares during the period. Public Sector Pension Investment Board owned approximately 0.09% of Dream Finders Homes worth $1,961,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Dream Finders Homes by 11.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock valued at $139,847,000 after purchasing an additional 594,592 shares during the period. Janus Henderson Group PLC raised its stake in shares of Dream Finders Homes by 199.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock valued at $48,053,000 after purchasing an additional 1,375,305 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dream Finders Homes by 30.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock valued at $15,935,000 after purchasing an additional 159,882 shares during the period. Fenimore Asset Management Inc raised its stake in shares of Dream Finders Homes by 19.3% during the first quarter. Fenimore Asset Management Inc now owns 665,421 shares of the company's stock valued at $15,012,000 after purchasing an additional 107,840 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Dream Finders Homes by 3.1% during the first quarter. Invesco Ltd. now owns 523,563 shares of the company's stock valued at $11,812,000 after purchasing an additional 15,660 shares during the period. Hedge funds and other institutional investors own 95.55% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated a "neutral" rating and set a $26.00 price objective on shares of Dream Finders Homes in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dream Finders Homes presently has a consensus rating of "Hold" and an average target price of $29.00.

Dream Finders Homes Trading Down 1.5%

Dream Finders Homes stock traded down $0.44 during mid-day trading on Tuesday, reaching $28.59. The company's stock had a trading volume of 208,392 shares, compared to its average volume of 451,573. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.28 and a beta of 1.90. The business has a 50 day moving average price of $26.52 and a 200-day moving average price of $23.99. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS 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%.Dream Finders Homes's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. On average, equities analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,852 shares of Dream Finders Homes stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $27.81, for a total value of $301,794.12. Following the completion of the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 52,096 shares of company stock valued at $1,413,179 over the last three months. Insiders own 68.16% of the company's stock.

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.