Artisan Partners Limited Partnership Boosts Stock Holdings in Smith Douglas Homes Corp. (NYSE:SDHC)

Artisan Partners Limited Partnership grew its position in Smith Douglas Homes Corp. (NYSE:SDHC) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 813,082 shares of the company’s stock after purchasing an additional 35,702 shares during the period. Artisan Partners Limited Partnership owned about 1.59% of Smith Douglas Homes worth $20,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in Smith Douglas Homes in the 4th quarter worth about $27,000. Quantbot Technologies LP grew its holdings in shares of Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after acquiring an additional 2,738 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Smith Douglas Homes during the third quarter valued at approximately $246,000. Virtu Financial LLC bought a new stake in Smith Douglas Homes during the third quarter worth $344,000. Finally, Yorktown Management & Research Co Inc purchased a new position in Smith Douglas Homes in the fourth quarter worth $236,000.

Smith Douglas Homes Stock Down 7.5 %

Shares of NYSE:SDHC opened at $18.94 on Friday. The firm has a market capitalization of $971.38 million, a PE ratio of 10.76, a P/E/G ratio of 6.87 and a beta of 1.44. The company has a 50-day moving average price of $22.30 and a two-hundred day moving average price of $28.90. Smith Douglas Homes Corp. has a twelve month low of $18.70 and a twelve month high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The business had revenue of $287.49 million for the quarter, compared to analysts’ expectations of $265.85 million. Analysts anticipate that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company 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 decreased their price objective for the stock from $33.00 to $22.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped their target price on shares of Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Smith Douglas Homes currently has an average rating of “Hold” and an average target price of $24.80.

About Smith Douglas Homes

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.