Bank of New York Mellon Corp Purchases 85,957 Shares of Dream Finders Homes, Inc. (NASDAQ:DFH)

Bank of New York Mellon Corp grew its position in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 68.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,926 shares of the company’s stock after purchasing an additional 85,957 shares during the period. Bank of New York Mellon Corp’s holdings in Dream Finders Homes were worth $4,908,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Dream Finders Homes by 3.0% during the third quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock worth $917,000 after buying an additional 746 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Dream Finders Homes by 85.2% during the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock valued at $1,617,000 after acquiring an additional 20,551 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Dream Finders Homes during the third quarter worth about $429,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Dream Finders Homes by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock worth $8,207,000 after purchasing an additional 10,446 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Dream Finders Homes by 22.2% in the third quarter. Daiwa Securities Group Inc. now owns 71,704 shares of the company’s stock worth $2,596,000 after purchasing an additional 13,026 shares during the last quarter. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Down 0.9 %

NASDAQ DFH opened at $24.02 on Tuesday. The stock’s 50-day simple moving average is $23.29 and its two-hundred day simple moving average is $28.30. Dream Finders Homes, Inc. has a twelve month low of $20.54 and a twelve month high of $44.38. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.28 and a beta of 1.99.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. Dream Finders Homes’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. On average, equities analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Transactions at Dream Finders Homes

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm’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 transaction, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 70.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America dropped their target price on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, January 27th.

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.