Maryland State Retirement & Pension System Buys New Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Maryland State Retirement & Pension System purchased a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,272 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Dream Finders Homes by 3.0% during the third quarter. Victory Capital Management Inc. now owns 25,321 shares of the company’s stock valued at $917,000 after purchasing an additional 746 shares during the period. Natixis Advisors LLC increased its stake in Dream Finders Homes by 85.2% during the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock worth $1,617,000 after buying an additional 20,551 shares during the period. Intech Investment Management LLC acquired a new position in Dream Finders Homes in the 3rd quarter worth $429,000. Charles Schwab Investment Management Inc. boosted its position in Dream Finders Homes by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,651 shares of the company’s stock valued at $8,207,000 after buying an additional 10,446 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Dream Finders Homes by 22.2% during the third quarter. Daiwa Securities Group Inc. now owns 71,704 shares of the company’s stock valued at $2,596,000 after acquiring an additional 13,026 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. This represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 70.45% of the company’s stock.

Dream Finders Homes Price Performance

DFH opened at $24.24 on Wednesday. Dream Finders Homes, Inc. has a 12-month low of $20.54 and a 12-month high of $44.38. The stock has a market capitalization of $2.26 billion, a PE ratio of 7.92, a P/E/G ratio of 1.28 and a beta of 1.99. The firm’s fifty day moving average price is $23.51 and its 200 day moving average price is $27.99.

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

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.