Principal Financial Group Inc. Increases Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Principal Financial Group Inc. lifted its stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,968 shares of the company’s stock after buying an additional 3,320 shares during the quarter. Principal Financial Group Inc. owned approximately 0.16% of Dream Finders Homes worth $3,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its stake in Dream Finders Homes by 14.6% during the first quarter. New York State Teachers Retirement System now owns 9,438 shares of the company’s stock worth $213,000 after acquiring an additional 1,200 shares in the last quarter. GAMMA Investing LLC grew its stake in Dream Finders Homes by 907.1% in the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company’s stock valued at $135,000 after purchasing an additional 5,370 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Dream Finders Homes during the 4th quarter worth approximately $518,000. Deutsche Bank AG boosted its stake in shares of Dream Finders Homes by 58.3% during the 4th quarter. Deutsche Bank AG now owns 25,159 shares of the company’s stock worth $585,000 after acquiring an additional 9,269 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Dream Finders Homes by 50.7% in the 4th quarter. Wells Fargo & Company MN now owns 442,456 shares of the company’s stock valued at $10,296,000 after acquiring an additional 148,789 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reiterated a “neutral” rating and issued a $26.00 price target on shares of Dream Finders Homes in a research report on Tuesday, May 6th.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 10,687 shares of the firm’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $27.42, for a total value of $293,037.54. Following the completion of the transaction, the chief executive officer owned 1,999,507 shares of the company’s stock, valued at approximately $54,826,481.94. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 68.16% of the company’s stock.

Dream Finders Homes Stock Up 0.8%

NASDAQ DFH opened at $27.16 on Friday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.28 and a beta of 1.90. The stock’s 50-day simple moving average is $23.83 and its two-hundred day simple moving average is $23.24. Dream Finders Homes, Inc. has a twelve month low of $19.65 and a twelve month high of $39.15.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share 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%. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s revenue was up 19.6% on a year-over-year basis. On average, equities analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

About Dream Finders Homes

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.