Dream Finders Homes, Inc. (NASDAQ:DFH) Stock Position Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in Dream Finders Homes, Inc. (NASDAQ:DFH) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,427 shares of the company’s stock after selling 711 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Dream Finders Homes were worth $312,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Dream Finders Homes by 16.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,785 shares of the company’s stock valued at $251,000 after buying an additional 1,546 shares in the last quarter. Stifel Financial Corp boosted its position in Dream Finders Homes by 27.5% in the 4th quarter. Stifel Financial Corp now owns 81,006 shares of the company’s stock valued at $1,885,000 after buying an additional 17,468 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in Dream Finders Homes during the fourth quarter worth about $163,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Dream Finders Homes by 51.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 12,754 shares of the company’s stock valued at $297,000 after purchasing an additional 4,339 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Dream Finders Homes by 1,467.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 19,171 shares of the company’s stock valued at $446,000 after buying an additional 17,948 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the transaction, the chief financial officer now owns 184,213 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 70.45% of the stock is owned by corporate insiders.

Dream Finders Homes Trading Up 1.9%

DFH stock opened at $23.63 on Friday. Dream Finders Homes, Inc. has a 1-year low of $19.65 and a 1-year high of $39.15. The company’s 50 day moving average is $22.71 and its 200 day moving average is $24.86. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DFH. Bank of America lowered their price target on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Wedbush restated a “neutral” rating and issued a $26.00 price target on shares of Dream Finders Homes in a report on Tuesday, May 6th.

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.