Cornerstone Wealth Group LLC Makes New Investment in Dream Finders Homes, Inc. (NASDAQ:DFH)

Cornerstone Wealth Group LLC bought a new stake in Dream Finders Homes, Inc. (NASDAQ:DFH) in the 4th quarter, HoldingsChannel.com reports. The firm bought 10,000 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds have also recently modified their holdings of DFH. Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 150,026 shares during the last quarter. Millennium Management LLC grew its position in shares of Dream Finders Homes by 5.5% during the second quarter. Millennium Management LLC now owns 171,638 shares of the company’s stock worth $4,432,000 after acquiring an additional 8,921 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Dream Finders Homes by 16.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,678 shares of the company’s stock valued at $379,000 after acquiring an additional 2,050 shares during the period. Sanctuary Advisors LLC purchased a new stake in Dream Finders Homes in the 2nd quarter valued at $482,000. Finally, Azzad Asset Management Inc. ADV boosted its stake in Dream Finders Homes by 27.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 21,842 shares of the company’s stock worth $791,000 after purchasing an additional 4,721 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Bank of America reduced their target price on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Monday.

Dream Finders Homes Stock Performance

Shares of Dream Finders Homes stock opened at $25.06 on Tuesday. The company has a market cap of $2.34 billion, a P/E ratio of 8.19, a PEG ratio of 0.79 and a beta of 2.02. The firm has a fifty day moving average of $26.71 and a two-hundred day moving average of $30.00. Dream Finders Homes, Inc. has a one year low of $21.42 and a one year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The business had revenue of $986.26 million during the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. As a group, equities analysts predict that Dream Finders Homes, Inc. will post 3.33 earnings per share for the current year.

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the sale, the chief executive officer now owns 1,956,353 shares of the company’s stock, valued at $53,721,453.38. The trade was a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 68,252 shares of company stock valued at $2,094,199. 70.45% of the stock is 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.