Invesco Ltd. Acquires 344,426 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Invesco Ltd. grew its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 210.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 507,903 shares of the company's stock after purchasing an additional 344,426 shares during the period. Invesco Ltd. owned approximately 0.54% of Dream Finders Homes worth $11,819,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DFH. Envestnet Asset Management Inc. increased its position in Dream Finders Homes by 48.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 185,005 shares of the company's stock worth $4,305,000 after purchasing an additional 60,125 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Dream Finders Homes by 50.7% in the 4th quarter. Wells Fargo & Company MN now owns 442,456 shares of the company's stock valued at $10,296,000 after purchasing an additional 148,789 shares during the last quarter. Geode Capital Management LLC grew its position in Dream Finders Homes by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 624,318 shares of the company's stock valued at $14,531,000 after acquiring an additional 1,976 shares during the period. National Bank of Canada FI grew its position in Dream Finders Homes by 84.3% in the fourth quarter. National Bank of Canada FI now owns 17,308 shares of the company's stock valued at $403,000 after acquiring an additional 7,916 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Dream Finders Homes by 4.7% in the fourth quarter. Alliancebernstein L.P. now owns 26,011 shares of the company's stock worth $605,000 after acquiring an additional 1,161 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America decreased their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

Dream Finders Homes Trading Down 0.3 %

Shares of NASDAQ DFH traded down $0.06 during mid-day trading on Friday, reaching $22.74. The company had a trading volume of 610,841 shares, compared to its average volume of 501,437. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $39.15. The stock has a market cap of $2.12 billion, a PE ratio of 7.43, a P/E/G ratio of 1.28 and a beta of 1.95. The company has a 50-day moving average price of $22.96 and a two-hundred day moving average price of $25.93.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.25. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm's revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. On average, research analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insider Transactions at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the completion of the sale, the chief financial officer now directly owns 184,213 shares of the company's stock, valued at approximately $4,511,376.37. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 70.45% of the stock is currently owned by company 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.