Yorktown Management & Research Co Inc Makes New $236,000 Investment in Smith Douglas Homes Corp. (NYSE:SDHC)

Yorktown Management & Research Co Inc purchased a new position in Smith Douglas Homes Corp. (NYSE:SDHC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,200 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of Smith Douglas Homes by 1,551.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company’s stock worth $806,000 after buying an additional 20,051 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Smith Douglas Homes in the 3rd quarter worth about $344,000. M&T Bank Corp bought a new position in shares of Smith Douglas Homes in the 3rd quarter worth about $436,000. XTX Topco Ltd bought a new position in shares of Smith Douglas Homes in the 3rd quarter worth about $246,000. Finally, Jane Street Group LLC bought a new position in shares of Smith Douglas Homes in the 3rd quarter worth about $530,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SDHC. JPMorgan Chase & Co. reduced their price target on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Bank of America downgraded shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $33.00 to $22.00 in a research report on Monday, January 27th. Wedbush reiterated a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price objective on shares of Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.40.

Smith Douglas Homes Price Performance

Smith Douglas Homes stock opened at $23.46 on Wednesday. The company’s 50-day moving average price is $27.69 and its two-hundred day moving average price is $32.07. Smith Douglas Homes Corp. has a 52 week low of $20.55 and a 52 week high of $39.50.

Insider Buying and Selling at Smith Douglas Homes

In other Smith Douglas Homes news, Director Jeffrey T. Jackson acquired 8,605 shares of the stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of $29.77 per share, with a total value of $256,170.85. Following the purchase, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $468,817.96. This trade represents a 120.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Smith Douglas Homes Profile

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.