New York State Common Retirement Fund Purchases 38,668 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

New York State Common Retirement Fund raised its stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 129.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,510 shares of the company's stock after buying an additional 38,668 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Dream Finders Homes worth $2,434,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DFH. Federated Hermes Inc. acquired a new stake in shares of Dream Finders Homes during the fourth quarter worth about $13,324,000. Charles Schwab Investment Management Inc. grew its position in Dream Finders Homes by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 178,067 shares of the company's stock valued at $3,958,000 after buying an additional 11,803 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Dream Finders Homes by 9.6% in the third quarter. Bank of New York Mellon Corp now owns 158,445 shares of the company's stock valued at $3,522,000 after acquiring an additional 13,907 shares during the period. Lawson Kroeker Investment Management Inc. NE lifted its holdings in Dream Finders Homes by 1.0% in the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 155,668 shares of the company's stock valued at $5,531,000 after acquiring an additional 1,580 shares during the period. Finally, Denali Advisors LLC raised its stake in shares of Dream Finders Homes by 226.2% during the 4th quarter. Denali Advisors LLC now owns 148,243 shares of the company's stock worth $5,267,000 after buying an additional 102,800 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company's stock.

Analysts Set New Price Targets

DFH has been the subject of a number of recent research reports. Bank of America increased their target price on Dream Finders Homes from $29.00 to $45.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. TheStreet upgraded shares of Dream Finders Homes from a "c" rating to a "b" rating in a research report on Friday, March 1st. Finally, Wedbush restated a "neutral" rating and set a $24.00 price objective on shares of Dream Finders Homes in a research note on Thursday, May 2nd.

Dream Finders Homes Price Performance

Shares of DFH traded down $1.00 on Wednesday, reaching $29.76. 457,728 shares of the stock traded hands, compared to its average volume of 415,701. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.84 and a beta of 2.05. Dream Finders Homes, Inc. has a 12 month low of $16.18 and a 12 month high of $44.38. The stock's 50-day moving average price is $37.93 and its 200-day moving average price is $32.41.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.11). Dream Finders Homes had a return on equity of 35.61% and a net margin of 7.91%. The business had revenue of $827.80 million during the quarter, compared to analyst estimates of $886.34 million. During the same period in the prior year, the firm posted $0.45 EPS. Dream Finders Homes's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Justin Udelhofen sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.69, for a total value of $892,250.00. Following the completion of the sale, the director now directly owns 30,376 shares of the company's stock, valued at $1,084,119.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Justin Udelhofen sold 25,000 shares of the company's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $35.69, for a total transaction of $892,250.00. Following the completion of the transaction, the director now directly owns 30,376 shares in the company, valued at $1,084,119.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Len Sturm sold 1,000 shares of Dream Finders Homes stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $38.59, for a total transaction of $38,590.00. Following the transaction, the director now owns 15,803 shares in the company, valued at approximately $609,837.77. The disclosure for this sale can be found here. Insiders sold 250,334 shares of company stock worth $9,703,070 over the last ninety days. 70.45% of the stock is currently owned by corporate insiders.

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.