Principal Financial Group Inc. Has $633,000 Stock Holdings in Dream Finders Homes, Inc. (NASDAQ:DFH)

Principal Financial Group Inc. reduced its holdings in Dream Finders Homes, Inc. (NASDAQ:DFH) by 7.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 17,472 shares of the company’s stock after selling 1,345 shares during the period. Principal Financial Group Inc.’s holdings in Dream Finders Homes were worth $633,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DFH. Vanguard Group Inc. increased its holdings in Dream Finders Homes by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company’s stock valued at $92,504,000 after purchasing an additional 45,890 shares during the period. Cooke & Bieler LP raised its position in shares of Dream Finders Homes by 17.5% during the second quarter. Cooke & Bieler LP now owns 1,866,067 shares of the company’s stock worth $48,182,000 after acquiring an additional 277,499 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after acquiring an additional 150,026 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Dream Finders Homes by 57.9% in the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock worth $8,859,000 after acquiring an additional 125,800 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in Dream Finders Homes in the second quarter valued at approximately $5,058,000. Institutional investors own 95.55% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America boosted their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 31,919 shares of Dream Finders Homes stock in a transaction on Monday, November 11th. The stock was sold at an average price of $31.06, for a total value of $991,404.14. Following the completion of the transaction, the chief executive officer now directly owns 725,000 shares in the company, valued at approximately $22,518,500. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Radford Lovett II sold 10,492 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $33.66, for a total value of $353,160.72. Following the sale, the director now directly owns 4,667,800 shares in the company, valued at $157,118,148. This trade represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 344,357 shares of company stock worth $11,481,981 in the last ninety days. Company insiders own 70.45% of the company’s stock.

Dream Finders Homes Trading Up 3.6 %

NASDAQ:DFH opened at $31.65 on Friday. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.74 and a beta of 1.93. The firm has a fifty day simple moving average of $32.82 and a two-hundred day simple moving average of $30.21. Dream Finders Homes, Inc. has a 12 month low of $23.46 and a 12 month high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last posted its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.14). The business had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Equities analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

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.