Cooke & Bieler LP Has $51.12 Million Stake in Dream Finders Homes, Inc. (NASDAQ:DFH)

Cooke & Bieler LP lifted its stake in Dream Finders Homes, Inc. (NASDAQ:DFH - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,196,975 shares of the company's stock after purchasing an additional 361,616 shares during the period. Cooke & Bieler LP owned 2.35% of Dream Finders Homes worth $51,124,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position 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 last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Dream Finders Homes during the third quarter worth $33,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dream Finders Homes in the third quarter valued at about $63,000. FMR LLC increased its position in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company's stock worth $107,000 after acquiring an additional 1,468 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Dream Finders Homes in the 4th quarter worth about $149,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Stock Up 2.5 %

Shares of DFH stock opened at $26.00 on Tuesday. Dream Finders Homes, Inc. has a twelve month low of $20.54 and a twelve month high of $44.38. The stock's fifty day simple moving average is $23.15 and its 200 day simple moving average is $28.60. The firm has a market capitalization of $2.43 billion, a P/E ratio of 8.50, a P/E/G ratio of 1.28 and a beta of 1.99.

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Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data 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. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $1.00 EPS. The firm's quarterly revenue was up 35.2% on a year-over-year basis. As a group, equities research analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total transaction of $500,156.44. Following the completion of the transaction, the chief executive officer now directly owns 1,956,353 shares in the company, valued at $53,721,453.38. This trade represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 70.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Bank of America decreased their target price on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a report 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.

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