Geode Capital Management LLC Purchases 39,130 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Geode Capital Management LLC increased its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 622,342 shares of the company’s stock after buying an additional 39,130 shares during the period. Geode Capital Management LLC owned 0.67% of Dream Finders Homes worth $22,539,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Dream Finders Homes during the 3rd quarter worth $33,000. nVerses Capital LLC boosted its holdings in Dream Finders Homes by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after purchasing an additional 1,800 shares during the period. ORG Wealth Partners LLC bought a new stake in Dream Finders Homes in the 3rd quarter valued at $105,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Dream Finders Homes by 139.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock valued at $75,000 after purchasing an additional 1,701 shares during the period. Finally, FMR LLC boosted its holdings in Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after purchasing an additional 1,468 shares during the period. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Trading Down 3.7 %

DFH opened at $23.19 on Friday. The stock has a market capitalization of $2.17 billion, a PE ratio of 7.58, a PEG ratio of 0.72 and a beta of 1.93. Dream Finders Homes, Inc. has a 1-year low of $22.95 and a 1-year high of $44.38. The firm has a 50-day moving average price of $29.87 and a two-hundred day moving average price of $30.27.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.14). The business had revenue of $986.26 million during the quarter, compared to the consensus estimate of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. On average, research analysts predict that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America increased their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Insider Activity

In related news, Director William Radford Lovett II sold 10,492 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the transaction, the director now owns 4,667,800 shares of the company’s stock, valued at $157,118,148. This trade represents a 0.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick O. Zalupski sold 18,214 shares of Dream Finders Homes stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the transaction, the chief executive officer now directly owns 1,956,353 shares in the company, valued at $53,721,453.38. The trade was a 0.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,706 shares of company stock valued at $5,210,406. 70.45% of the stock is currently owned by insiders.

Dream Finders Homes 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.