Vanguard Group Inc. Sells 142,294 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Vanguard Group Inc. cut its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 6.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,018,453 shares of the company's stock after selling 142,294 shares during the quarter. Vanguard Group Inc. owned 2.17% of Dream Finders Homes worth $44,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DFH. BlackRock Inc. raised its position in Dream Finders Homes by 48.7% in the second quarter. BlackRock Inc. now owns 1,530,053 shares of the company's stock worth $37,624,000 after purchasing an additional 500,887 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Dream Finders Homes by 4.9% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,040,432 shares of the company's stock worth $80,036,000 after acquiring an additional 279,730 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Dream Finders Homes by 512.4% during the first quarter. Stifel Financial Corp now owns 288,571 shares of the company's stock valued at $3,824,000 after acquiring an additional 241,452 shares during the period. Northern Trust Corp boosted its stake in shares of Dream Finders Homes by 418.2% in the 2nd quarter. Northern Trust Corp now owns 185,923 shares of the company's stock valued at $1,978,000 after purchasing an additional 150,041 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Dream Finders Homes by 251.7% in the 4th quarter. Bank of America Corp DE now owns 200,992 shares of the company's stock worth $1,741,000 after purchasing an additional 143,848 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors.

Dream Finders Homes Trading Down 4.6 %

NASDAQ DFH traded down $1.83 on Wednesday, hitting $38.20. 502,367 shares of the company were exchanged, compared to its average volume of 402,075. Dream Finders Homes, Inc. has a 1-year low of $13.41 and a 1-year high of $44.38. The firm has a 50 day moving average of $37.28 and a two-hundred day moving average of $30.47. The company has a market cap of $3.56 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.13 and a beta of 1.99.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.29. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $898.68 million. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. Dream Finders Homes's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. Research analysts anticipate that Dream Finders Homes, Inc. will post 3.45 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 34,961 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $42.46, for a total transaction of $1,484,444.06. Following the transaction, the chief executive officer now directly owns 1,428,742 shares in the company, valued at approximately $60,664,385.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 34,961 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $42.46, for a total transaction of $1,484,444.06. Following the completion of the sale, the chief executive officer now owns 1,428,742 shares in the company, valued at approximately $60,664,385.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick O. Zalupski sold 54,270 shares of the company's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $42.05, for a total value of $2,282,053.50. Following the completion of the sale, the chief executive officer now owns 1,507,805 shares of the company's stock, valued at approximately $63,403,200.25. The disclosure for this sale can be found here. Insiders sold a total of 271,422 shares of company stock worth $10,251,599 over the last 90 days. 74.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DFH has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Dream Finders Homes from a "c" rating to a "b" rating in a research report on Friday, March 1st. Bank of America boosted their target price on Dream Finders Homes from $29.00 to $45.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd.

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.