Wasatch Advisors LP Trims Stock Position in Smith Douglas Homes Corp. $SDHC

Wasatch Advisors LP reduced its stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 53.1% in the 1st quarter, HoldingsChannel reports. The firm owned 586,755 shares of the company’s stock after selling 663,102 shares during the quarter. Wasatch Advisors LP’s holdings in Smith Douglas Homes were worth $7,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Conifer Management L.L.C. lifted its position in shares of Smith Douglas Homes by 68.3% in the fourth quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after acquiring an additional 581,794 shares in the last quarter. Wellington Management Group LLP increased its position in Smith Douglas Homes by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after purchasing an additional 24,996 shares in the last quarter. Beck Mack & Oliver LLC increased its position in Smith Douglas Homes by 0.4% during the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after purchasing an additional 3,605 shares in the last quarter. Vanguard Group Inc. raised its stake in Smith Douglas Homes by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after purchasing an additional 3,884 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Smith Douglas Homes by 14.2% in the 4th quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock valued at $6,352,000 after purchasing an additional 47,100 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Zelman & Associates assumed coverage on shares of Smith Douglas Homes in a research report on Monday, April 6th. They set a “neutral” rating and a $13.50 target price on the stock. Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Citizens Jmp started coverage on shares of Smith Douglas Homes in a research note on Tuesday, March 24th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $13.90.

Smith Douglas Homes Stock Up 0.1%

Shares of SDHC opened at $14.29 on Friday. Smith Douglas Homes Corp. has a fifty-two week low of $10.72 and a fifty-two week high of $23.50. The company’s fifty day moving average is $13.05 and its two-hundred day moving average is $15.47. The firm has a market cap of $725.65 million, a PE ratio of 15.04 and a beta of 1.13.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%. As a group, equities research analysts anticipate that Smith Douglas Homes Corp. will post 0.48 earnings per share for the current year.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.