Geode Capital Management LLC Purchases 1,976 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Geode Capital Management LLC grew its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 624,318 shares of the company’s stock after buying an additional 1,976 shares during the period. Geode Capital Management LLC owned 0.67% of Dream Finders Homes worth $14,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. National Bank of Canada FI raised its stake in Dream Finders Homes by 84.3% during the fourth quarter. National Bank of Canada FI now owns 17,308 shares of the company’s stock valued at $403,000 after buying an additional 7,916 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Dream Finders Homes by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 26,011 shares of the company’s stock valued at $605,000 after acquiring an additional 1,161 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dream Finders Homes by 621.1% during the fourth quarter. JPMorgan Chase & Co. now owns 93,384 shares of the company’s stock valued at $2,173,000 after acquiring an additional 80,433 shares in the last quarter. Prudential Financial Inc. bought a new position in Dream Finders Homes in the 4th quarter worth about $621,000. Finally, Vanguard Group Inc. boosted its stake in Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company’s stock worth $72,788,000 after purchasing an additional 605,508 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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.

Insider Activity

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of Dream Finders Homes stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the transaction, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 70.45% of the company’s stock.

Dream Finders Homes Trading Up 2.4 %

Shares of DFH stock opened at $21.45 on Monday. The stock has a market capitalization of $2.00 billion, a P/E ratio of 7.01, a P/E/G ratio of 1.28 and a beta of 1.95. The firm’s 50 day moving average is $22.94 and its 200 day moving average is $26.22. Dream Finders Homes, Inc. has a 12-month low of $19.65 and a 12-month high of $39.15.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. Dream Finders Homes’s revenue was up 35.2% compared to the same quarter last year. As a group, equities analysts predict that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

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.