Dream Finders Homes, Inc. (NASDAQ:DFH) Position Increased by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,597 shares of the company’s stock after buying an additional 4,971 shares during the period. Nordea Investment Management AB owned about 0.13% of Dream Finders Homes worth $2,811,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Dream Finders Homes by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock worth $22,539,000 after purchasing an additional 39,130 shares during the period. Denali Advisors LLC boosted its stake in Dream Finders Homes by 27.9% in the 2nd quarter. Denali Advisors LLC now owns 140,409 shares of the company’s stock worth $3,625,000 after purchasing an additional 30,599 shares during the period. Barclays PLC boosted its stake in Dream Finders Homes by 45.2% in the 3rd quarter. Barclays PLC now owns 92,402 shares of the company’s stock worth $3,345,000 after purchasing an additional 28,764 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in Dream Finders Homes in the 2nd quarter worth approximately $538,000. Finally, Natixis Advisors LLC boosted its stake in Dream Finders Homes by 85.2% in the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock worth $1,617,000 after purchasing an additional 20,551 shares during the period. 95.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director William Radford Lovett II sold 10,492 shares of Dream Finders Homes stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the sale, the director now directly owns 4,667,800 shares in the company, valued at approximately $157,118,148. The trade was a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick O. Zalupski sold 18,214 shares of Dream Finders Homes stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the sale, the chief executive officer now owns 1,956,353 shares in the company, valued at approximately $53,721,453.38. This trade represents a 0.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,850 shares of company stock worth $4,304,470 in the last quarter. 70.45% of the stock is currently owned by company insiders.

Dream Finders Homes Trading Down 2.6 %

Dream Finders Homes stock opened at $21.70 on Friday. The company has a market capitalization of $2.03 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.72 and a beta of 2.02. The firm’s fifty day simple moving average is $28.08 and its 200-day simple moving average is $30.05. Dream Finders Homes, Inc. has a 1-year low of $21.43 and a 1-year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The business had revenue of $986.26 million for 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 quarter in the prior year, the business posted $0.75 EPS. On average, equities research analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current 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.