Wellington Management Group LLP Reduces Position in Smith Douglas Homes Corp. $SDHC

Wellington Management Group LLP lessened its holdings in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 17.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 622,625 shares of the company’s stock after selling 136,171 shares during the period. Wellington Management Group LLP’s holdings in Smith Douglas Homes were worth $9,676,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SDHC. Conifer Management L.L.C. purchased a new position in shares of Smith Douglas Homes during the second quarter worth approximately $22,274,259. Wasatch Advisors LP boosted its holdings in Smith Douglas Homes by 6.2% in the 4th quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock valued at $20,960,000 after purchasing an additional 72,525 shares in the last quarter. First Eagle Investment Management LLC raised its position in Smith Douglas Homes by 14.2% in the fourth quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock worth $6,352,000 after acquiring an additional 47,100 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Smith Douglas Homes in the second quarter valued at about $644,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Smith Douglas Homes during the 1st quarter valued at approximately $324,000.

Smith Douglas Homes Stock Down 4.5%

Shares of SDHC opened at $10.71 on Wednesday. Smith Douglas Homes Corp. has a fifty-two week low of $10.62 and a fifty-two week high of $23.49. The company’s fifty day moving average is $14.06 and its two-hundred day moving average is $13.66. The firm has a market cap of $544.39 million, a PE ratio of 14.88 and a beta of 0.83.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $273.03 million for the quarter, compared to analyst estimates of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. As a group, equities research analysts anticipate that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SDHC shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. 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, Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $13.90.

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