Smith Douglas Homes Corp. $SDHC Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 53.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 586,755 shares of the company’s stock after selling 663,102 shares during the quarter. Wasatch Advisors LP owned approximately 1.14% of Smith Douglas Homes worth $7,510,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SDHC. State Street Corp grew its position in shares of Smith Douglas Homes by 2.7% in the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock valued at $710,000 after buying an additional 1,100 shares during the last quarter. Geode Capital Management LLC lifted its position in Smith Douglas Homes by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock valued at $1,752,000 after acquiring an additional 1,406 shares during the last quarter. First Trust Advisors LP boosted its stake in Smith Douglas Homes by 5.8% in the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock valued at $564,000 after acquiring an additional 1,583 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes in the second quarter valued at $34,000. Finally, Beck Mack & Oliver LLC grew its holdings in shares of Smith Douglas Homes by 0.4% during the fourth 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 during the last quarter.

Wall Street Analysts Forecast Growth

SDHC has been the topic of a number of research reports. Zelman & Associates assumed coverage on Smith Douglas Homes in a research note on Monday, April 6th. They set a “neutral” rating and a $13.50 price target on the stock. Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Citizens Jmp began coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They set a “market perform” rating on the stock. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Smith Douglas Homes currently has an average rating of “Reduce” and an average target price of $13.90.

Smith Douglas Homes Stock Up 0.1%

Shares of Smith Douglas Homes stock opened at $14.29 on Friday. Smith Douglas Homes Corp. has a 52-week low of $10.72 and a 52-week high of $23.50. The company’s 50-day simple moving average is $13.05 and its 200-day simple moving average is $15.47. The firm has a market cap of $725.65 million, a price-to-earnings ratio of 15.04 and a beta of 1.13.

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