Wasatch Advisors LP Buys 941,511 Shares of Smith Douglas Homes Corp. (NYSE:SDHC)

Wasatch Advisors LP lifted its position in Smith Douglas Homes Corp. (NYSE:SDHC) by 438.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,156,019 shares of the company’s stock after acquiring an additional 941,511 shares during the quarter. Wasatch Advisors LP’s holdings in Smith Douglas Homes were worth $29,640,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp grew its holdings in shares of Smith Douglas Homes by 39.0% in the third quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock valued at $985,000 after acquiring an additional 7,310 shares in the last quarter. Jane Street Group LLC purchased a new position in Smith Douglas Homes in the third quarter worth $530,000. XTX Topco Ltd bought a new position in Smith Douglas Homes in the 3rd quarter valued at $246,000. M&T Bank Corp purchased a new stake in shares of Smith Douglas Homes during the 3rd quarter valued at $436,000. Finally, Virtu Financial LLC bought a new stake in shares of Smith Douglas Homes during the 3rd quarter worth $344,000.

Analyst Ratings Changes

SDHC has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday. Bank of America downgraded shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $33.00 to $22.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.60.

Smith Douglas Homes Stock Performance

SDHC stock opened at $17.93 on Thursday. The stock has a fifty day moving average of $20.67 and a 200-day moving average of $27.13. Smith Douglas Homes Corp. has a fifty-two week low of $17.03 and a fifty-two week high of $39.50. The company has a market capitalization of $919.49 million, a price-to-earnings ratio of 10.19, a PEG ratio of 6.87 and a beta of 1.31.

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