Principal Financial Group Inc. Grows Position in Dream Finders Homes, Inc. (NASDAQ:DFH)

Principal Financial Group Inc. raised its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 16.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,817 shares of the company’s stock after buying an additional 2,705 shares during the quarter. Principal Financial Group Inc.’s holdings in Dream Finders Homes were worth $486,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Dream Finders Homes by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock valued at $92,504,000 after purchasing an additional 45,890 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Dream Finders Homes by 23.7% in the first quarter. Hood River Capital Management LLC now owns 516,071 shares of the company’s stock valued at $22,568,000 after purchasing an additional 98,922 shares during the period. Wasatch Advisors LP lifted its position in Dream Finders Homes by 8.3% in the fourth quarter. Wasatch Advisors LP now owns 336,518 shares of the company’s stock valued at $11,956,000 after buying an additional 25,724 shares during the last quarter. Norden Group LLC lifted its position in Dream Finders Homes by 2,580.6% in the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after buying an additional 309,461 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Dream Finders Homes in the second quarter valued at about $5,058,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Price Performance

NASDAQ DFH opened at $34.30 on Friday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 11.63, a PEG ratio of 0.68 and a beta of 1.89. Dream Finders Homes, Inc. has a 12 month low of $18.29 and a 12 month high of $44.38. The firm’s 50-day moving average is $30.07 and its two-hundred day moving average is $32.04.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.04. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. As a group, analysts anticipate that Dream Finders Homes, Inc. will post 3.22 EPS for the current year.

Insider Activity at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 7,407 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $25.25, for a total value of $187,026.75. Following the sale, the chief executive officer now owns 1,216,359 shares of the company’s stock, valued at $30,713,064.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 7,407 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $25.25, for a total value of $187,026.75. Following the transaction, the chief executive officer now directly owns 1,216,359 shares in the company, valued at $30,713,064.75. 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 6,581 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $25.18, for a total transaction of $165,709.58. Following the completion of the transaction, the chief executive officer now owns 1,209,478 shares in the company, valued at $30,454,656.04. The disclosure for this sale can be found here. Insiders have sold a total of 207,417 shares of company stock valued at $6,452,921 over the last 90 days. 70.45% of the stock is owned by corporate insiders.

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.