West Tower Group LLC Sells 23,000 Shares of Dream Finders Homes, Inc. $DFH

West Tower Group LLC decreased its holdings in shares of Dream Finders Homes, Inc. (NASDAQ:DFH) by 50.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 23,000 shares of the company’s stock after selling 23,000 shares during the period. Dream Finders Homes accounts for 1.3% of West Tower Group LLC’s portfolio, making the stock its 20th largest position. West Tower Group LLC’s holdings in Dream Finders Homes were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB grew its stake in shares of Dream Finders Homes by 1.2% during the second quarter. Nordea Investment Management AB now owns 123,344 shares of the company’s stock valued at $3,113,000 after buying an additional 1,427 shares during the last quarter. Commons Capital LLC grew its stake in shares of Dream Finders Homes by 248.4% during the second quarter. Commons Capital LLC now owns 42,076 shares of the company’s stock valued at $1,057,000 after buying an additional 30,000 shares during the last quarter. Index Fund Advisors Inc. bought a new position in Dream Finders Homes in the second quarter worth approximately $572,000. Lawson Kroeker Investment Management Inc. NE increased its holdings in Dream Finders Homes by 1.6% during the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 136,519 shares of the company’s stock worth $3,431,000 after purchasing an additional 2,085 shares during the period. Finally, Callan Family Office LLC purchased a new position in Dream Finders Homes during the 2nd quarter worth $479,000. Institutional investors own 95.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 11,567 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $28.86, for a total value of $333,823.62. Following the completion of the transaction, the chief executive officer owned 1,927,772 shares in the company, valued at $55,635,499.92. This trade represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 97,419 shares of company stock valued at $2,699,849. Company insiders own 68.16% of the company’s stock.

Dream Finders Homes Stock Down 0.3%

DFH opened at $23.30 on Monday. The stock’s fifty day moving average is $27.11 and its two-hundred day moving average is $24.92. The company has a market capitalization of $2.16 billion, a P/E ratio of 7.61, a PEG ratio of 1.28 and a beta of 1.87. Dream Finders Homes, Inc. has a 52 week low of $19.65 and a 52 week high of $35.71.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Equities analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Dream Finders Homes Company 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.