First Eagle Investment Management LLC Has $6.35 Million Stock Holdings in Smith Douglas Homes Corp. $SDHC

First Eagle Investment Management LLC lifted its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 14.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 378,774 shares of the company’s stock after buying an additional 47,100 shares during the quarter. First Eagle Investment Management LLC’s holdings in Smith Douglas Homes were worth $6,352,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its position in Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock valued at $24,845,000 after acquiring an additional 53,358 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Smith Douglas Homes during the second quarter worth approximately $644,000. Quent Capital LLC bought a new stake in shares of Smith Douglas Homes during the fourth quarter valued at approximately $386,000. Victory Capital Management Inc. acquired a new stake in shares of Smith Douglas Homes in the third quarter valued at approximately $346,000. Finally, Inspire Advisors LLC acquired a new stake in shares of Smith Douglas Homes in the third quarter valued at approximately $214,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Zelman & Associates initiated coverage on Smith Douglas Homes in a report on Monday, April 6th. They set a “neutral” rating and a $13.50 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Wells Fargo & Company cut their price target on 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. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Smith Douglas Homes presently has a consensus rating of “Reduce” and an average target price of $13.90.

Smith Douglas Homes Stock Performance

Shares of SDHC stock opened at $11.49 on Thursday. The firm’s 50 day moving average price is $13.32 and its two-hundred day moving average price is $16.66. Smith Douglas Homes Corp. has a 52-week low of $11.13 and a 52-week high of $23.50. The stock has a market cap of $583.46 million, a PE ratio of 12.09 and a beta of 1.31.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $206.44 million during the quarter, compared to analysts’ expectations of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. As a group, sell-side analysts predict that Smith Douglas Homes Corp. will post 0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director George Ervin Perdue III bought 20,300 shares of the business’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $12.27 per share, with a total value of $249,081.00. Following the completion of the purchase, the director owned 60,684 shares of the company’s stock, valued at $744,592.68. This represents a 50.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 22,000 shares of company stock valued at $268,607 in the last ninety days. Corporate insiders own 82.71% of the company’s stock.

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.