Avalon Trust Co Acquires New Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Avalon Trust Co bought a new position in Dream Finders Homes, Inc. (NASDAQ:DFH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,363 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. acquired a new stake in shares of Dream Finders Homes in the 4th quarter worth $13,324,000. Allspring Global Investments Holdings LLC grew its stake in shares of Dream Finders Homes by 5,612.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 118,124 shares of the company’s stock worth $4,197,000 after acquiring an additional 116,056 shares during the last quarter. Denali Advisors LLC increased its holdings in shares of Dream Finders Homes by 226.2% during the fourth quarter. Denali Advisors LLC now owns 148,243 shares of the company’s stock valued at $5,267,000 after acquiring an additional 102,800 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Dream Finders Homes in the 4th quarter valued at approximately $2,319,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Dream Finders Homes by 168.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,806 shares of the company’s stock worth $1,930,000 after purchasing an additional 54,467 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes Trading Down 3.3 %

NASDAQ DFH traded down $1.05 on Friday, hitting $31.23. 1,026,591 shares of the company’s stock traded hands, compared to its average volume of 428,996. The firm’s 50-day moving average price is $38.20 and its two-hundred day moving average price is $32.24. The firm has a market capitalization of $2.91 billion, a PE ratio of 10.59, a P/E/G ratio of 0.84 and a beta of 2.05. Dream Finders Homes, Inc. has a 1-year low of $15.28 and a 1-year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. The business had revenue of $827.80 million for the quarter, compared to analyst estimates of $886.34 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts anticipate that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DFH has been the topic of a number of recent analyst reports. TheStreet raised shares of Dream Finders Homes from a “c” rating to a “b” rating in a report on Friday, March 1st. Wedbush reissued a “neutral” rating and issued a $24.00 target price on shares of Dream Finders Homes in a research report on Thursday. Finally, Bank of America lifted their price target on Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 24,400 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $31.59, for a total transaction of $770,796.00. Following the sale, the chief executive officer now directly owns 1,615,376 shares of the company’s stock, valued at $51,029,727.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Justin Udelhofen sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.69, for a total transaction of $892,250.00. Following the completion of the transaction, the director now directly owns 30,376 shares of the company’s stock, valued at approximately $1,084,119.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Patrick O. Zalupski sold 24,400 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $31.59, for a total value of $770,796.00. Following the transaction, the chief executive officer now owns 1,615,376 shares in the company, valued at approximately $51,029,727.84. The disclosure for this sale can be found here. Insiders sold a total of 277,812 shares of company stock valued at $10,552,415 in the last quarter. 70.45% of the stock is currently owned by company insiders.

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.