New York State Common Retirement Fund Has $2.43 Million Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

New York State Common Retirement Fund boosted its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 129.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 68,510 shares of the company’s stock after acquiring an additional 38,668 shares during the quarter. New York State Common Retirement Fund’s holdings in Dream Finders Homes were worth $2,434,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Cornerstone Investment Partners LLC acquired a new stake in Dream Finders Homes in the fourth quarter worth $265,000. Federated Hermes Inc. acquired a new stake in Dream Finders Homes in the fourth quarter worth $13,324,000. ORG Partners LLC acquired a new stake in Dream Finders Homes in the fourth quarter worth $596,000. Lawson Kroeker Investment Management Inc. NE raised 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 worth $5,531,000 after purchasing an additional 1,580 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Dream Finders Homes by 5,612.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 118,124 shares of the company’s stock worth $4,197,000 after purchasing an additional 116,056 shares during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dream Finders Homes

In other news, Director Len Sturm sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $38.59, for a total transaction of $38,590.00. Following the transaction, the director now directly owns 15,803 shares in the company, valued at approximately $609,837.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Lorena Anabel Fernandez sold 924 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $38.50, for a total value of $35,574.00. Following the transaction, the chief financial officer now owns 139,172 shares in the company, valued at approximately $5,358,122. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Len Sturm sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $38.59, for a total transaction of $38,590.00. Following the completion of 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 have sold 250,334 shares of company stock worth $9,703,070 in the last ninety days. Insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DFH shares. Bank of America increased their target price on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Wedbush restated a “neutral” rating and set a $24.00 price objective on shares of Dream Finders Homes in a report on Thursday, May 2nd. Finally, TheStreet upgraded shares of Dream Finders Homes from a “c” rating to a “b” rating in a report on Friday, March 1st.

Dream Finders Homes Trading Down 1.8 %

Dream Finders Homes stock opened at $30.76 on Wednesday. The company has a market cap of $2.87 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.84 and a beta of 2.05. Dream Finders Homes, Inc. has a 1-year low of $16.18 and a 1-year high of $44.38. The company has a fifty day simple moving average of $38.07 and a 200 day simple moving average of $32.33.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). The business had revenue of $827.80 million during the quarter, compared to the consensus estimate of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. On average, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.45 EPS for the current year.

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.