Vanguard Group Inc. Makes New Investment in Smith Douglas Homes Corp. (NYSE:SDHC)

Vanguard Group Inc. acquired a new stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 452,897 shares of the company’s stock, valued at approximately $13,451,000. Vanguard Group Inc. owned about 0.05% of Smith Douglas Homes at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SDHC. SYSTM Wealth Solutions LLC purchased a new position in shares of Smith Douglas Homes in the first quarter valued at about $76,000. Azzad Asset Management Inc. ADV purchased a new position in shares of Smith Douglas Homes during the first quarter valued at approximately $331,000. Daiwa Securities Group Inc. bought a new position in shares of Smith Douglas Homes during the first quarter valued at approximately $688,000. Peregrine Capital Management LLC purchased a new stake in Smith Douglas Homes in the first quarter worth $867,000. Finally, Sei Investments Co. bought a new stake in Smith Douglas Homes in the first quarter valued at $1,015,000.

Smith Douglas Homes Stock Performance

NYSE SDHC opened at $32.63 on Wednesday. The stock’s 50 day moving average is $26.38 and its 200 day moving average is $27.65. Smith Douglas Homes Corp. has a twelve month low of $20.55 and a twelve month high of $34.20.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Tuesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $189.21 million for the quarter, compared to the consensus estimate of $187.43 million. As a group, equities analysts predict that Smith Douglas Homes Corp. will post 1.69 EPS for the current year.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and issued a $20.00 price objective (down from $21.00) on shares of Smith Douglas Homes in a report on Tuesday, May 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Smith Douglas Homes has an average rating of “Hold” and a consensus target price of $27.10.

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.