Teachers Retirement System of The State of Kentucky Makes New $231,000 Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 9,950 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors have also recently added to or reduced their stakes in DFH. First Horizon Advisors Inc. grew its holdings in shares of Dream Finders Homes by 93.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after purchasing an additional 568 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Dream Finders Homes by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 17,371 shares of the company’s stock worth $404,000 after purchasing an additional 953 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Dream Finders Homes by 4.7% during the 4th quarter. Alliancebernstein L.P. now owns 26,011 shares of the company’s stock worth $605,000 after purchasing an additional 1,161 shares during the period. Precision Wealth Strategies LLC grew its holdings in shares of Dream Finders Homes by 13.4% during the 4th quarter. Precision Wealth Strategies LLC now owns 12,127 shares of the company’s stock worth $282,000 after purchasing an additional 1,429 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Dream Finders Homes by 2.2% during the 4th quarter. New York State Common Retirement Fund now owns 77,404 shares of the company’s stock worth $1,801,000 after acquiring an additional 1,700 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Trading Up 1.2 %

DFH opened at $22.99 on Tuesday. The stock’s 50-day moving average price is $22.98 and its 200 day moving average price is $25.77. Dream Finders Homes, Inc. has a 12-month low of $19.65 and a 12-month high of $39.15. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly 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 company had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 quarter last year, the company earned $1.00 EPS. On average, research analysts forecast that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 70.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Bank of America decreased their target price 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.

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.