Corton Capital Inc. Has $403,000 Stock Holdings in Smith Douglas Homes Corp. $SDHC

Corton Capital Inc. increased its stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 41.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,752 shares of the company’s stock after acquiring an additional 6,036 shares during the quarter. Smith Douglas Homes comprises about 0.5% of Corton Capital Inc.’s holdings, making the stock its 29th largest position. Corton Capital Inc.’s holdings in Smith Douglas Homes were worth $403,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. M&T Bank Corp grew its stake in shares of Smith Douglas Homes by 8.4% during the first quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock valued at $215,000 after purchasing an additional 848 shares during the last quarter. PDT Partners LLC boosted its stake in Smith Douglas Homes by 10.7% in the first quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock valued at $273,000 after acquiring an additional 1,349 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Smith Douglas Homes by 1.0% in the first quarter. New York State Common Retirement Fund now owns 185,119 shares of the company’s stock valued at $3,614,000 after acquiring an additional 1,744 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Smith Douglas Homes by 80.2% in the first quarter. Victory Capital Management Inc. now owns 14,395 shares of the company’s stock valued at $281,000 after acquiring an additional 6,406 shares during the last quarter. Finally, Trexquant Investment LP boosted its stake in Smith Douglas Homes by 93.1% in the first quarter. Trexquant Investment LP now owns 16,420 shares of the company’s stock valued at $321,000 after acquiring an additional 7,916 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SDHC shares. Bank of America reduced their price objective on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating on the stock in a research note on Friday, October 10th. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Smith Douglas Homes has a consensus rating of “Reduce” and a consensus price target of $17.50.

Smith Douglas Homes Trading Down 1.1%

Shares of SDHC stock opened at $17.51 on Monday. Smith Douglas Homes Corp. has a 1 year low of $15.00 and a 1 year high of $37.90. The firm’s fifty day moving average price is $18.02 and its two-hundred day moving average price is $18.89. The firm has a market capitalization of $900.74 million, a P/E ratio of 11.01, a PEG ratio of 11.47 and a beta of 0.96.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.38). Smith Douglas Homes had a net margin of 1.43% and a return on equity of 1.74%. The business had revenue of $223.92 million during the quarter, compared to analyst estimates of $216.01 million. As a group, equities research analysts forecast that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Smith Douglas Homes Company 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.