US Bancorp DE Has $579,000 Position in Dream Finders Homes, Inc. $DFH

US Bancorp DE grew its stake in Dream Finders Homes, Inc. (NASDAQ:DFH) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,025 shares of the company’s stock after purchasing an additional 1,113 shares during the period. US Bancorp DE’s holdings in Dream Finders Homes were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Fenimore Asset Management Inc boosted its stake in shares of Dream Finders Homes by 3.4% in the 2nd quarter. Fenimore Asset Management Inc now owns 688,292 shares of the company’s stock valued at $17,297,000 after purchasing an additional 22,871 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Dream Finders Homes by 3.1% in the 1st quarter. Invesco Ltd. now owns 523,563 shares of the company’s stock valued at $11,812,000 after purchasing an additional 15,660 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Dream Finders Homes by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock valued at $11,728,000 after purchasing an additional 41,117 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Dream Finders Homes by 22.9% in the 1st quarter. Denali Advisors LLC now owns 277,496 shares of the company’s stock valued at $6,260,000 after purchasing an additional 51,638 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dream Finders Homes by 12.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 265,908 shares of the company’s stock valued at $5,999,000 after purchasing an additional 28,388 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Price Performance

Shares of NASDAQ DFH opened at $23.30 on Monday. The company has a 50 day simple moving average of $27.11 and a 200 day simple moving average of $24.92. The firm has a market cap of $2.16 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 1.28 and a beta of 1.87. Dream Finders Homes, Inc. has a 1 year low of $19.65 and a 1 year high of $35.71.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. As a group, research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 11,567 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $28.86, for a total transaction of $333,823.62. Following the completion of the transaction, the chief executive officer owned 1,927,772 shares in the company, valued at approximately $55,635,499.92. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 97,419 shares of company stock worth $2,699,849. 68.16% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Bank of America reduced their price target on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.00.

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.