Natixis Advisors LLC Increases Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Natixis Advisors LLC increased its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 85.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 44,662 shares of the company’s stock after buying an additional 20,551 shares during the period. Natixis Advisors LLC’s holdings in Dream Finders Homes were worth $1,617,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DFH. Vanguard Group Inc. grew its stake in shares of Dream Finders Homes by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock valued at $92,504,000 after buying an additional 45,890 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Dream Finders Homes during the first quarter worth about $612,000. Lazard Asset Management LLC raised its holdings in shares of Dream Finders Homes by 1.8% in the 1st quarter. Lazard Asset Management LLC now owns 136,924 shares of the company’s stock worth $5,987,000 after purchasing an additional 2,383 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Dream Finders Homes by 17.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock valued at $304,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Dream Finders Homes by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 22,674 shares of the company’s stock worth $992,000 after purchasing an additional 728 shares during the period. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Dream Finders Homes Trading Up 7.1 %

Shares of NASDAQ DFH opened at $33.90 on Tuesday. The stock has a fifty day moving average price of $32.80 and a 200 day moving average price of $30.24. The company has a market cap of $3.17 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.76 and a beta of 1.93. Dream Finders Homes, Inc. has a 12-month low of $23.46 and a 12-month high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The company had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. On average, sell-side analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Insider Activity

In other news, Director William Radford Lovett II sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.55, for a total transaction of $976,500.00. Following the completion of the sale, the director now owns 4,836,398 shares of the company’s stock, valued at approximately $157,424,754.90. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick O. Zalupski sold 59,106 shares of Dream Finders Homes stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the completion of the sale, the chief executive officer now owns 801,105 shares of the company’s stock, valued at approximately $25,170,719.10. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 289,692 shares of company stock worth $9,655,077 over the last 90 days. Company insiders own 70.45% of the company’s stock.

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.