First Trust Advisors LP Increases Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

First Trust Advisors LP boosted its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 28.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,680 shares of the company’s stock after buying an additional 15,008 shares during the period. First Trust Advisors LP owned 0.07% of Dream Finders Homes worth $1,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after acquiring an additional 568 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Dream Finders Homes in the 3rd quarter valued at about $63,000. KLP Kapitalforvaltning AS purchased a new position in Dream Finders Homes in the fourth quarter valued at approximately $116,000. Oregon Public Employees Retirement Fund purchased a new position in Dream Finders Homes in the fourth quarter valued at approximately $149,000. Finally, Amalgamated Bank grew its stake in Dream Finders Homes by 872.9% during the fourth quarter. Amalgamated Bank now owns 8,017 shares of the company’s stock worth $187,000 after buying an additional 7,193 shares during the period. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Insider Activity

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction dated 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 approximately $4,511,376.37. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 70.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DFH shares. Bank of America reduced their target price on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Wedbush reiterated a “neutral” rating and issued a $26.00 target price on shares of Dream Finders Homes in a research note on Tuesday.

Dream Finders Homes Price Performance

Dream Finders Homes stock opened at $21.82 on Wednesday. The firm’s fifty day moving average price is $22.94 and its 200 day moving average price is $25.35. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95. 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 released its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. During the same period last year, the firm posted $0.55 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis. Analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal 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.