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:SDHCFree Report) 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:SDHCGet Free Report) 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.

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About Smith Douglas Homes

(Free Report)

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.

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Institutional Ownership by Quarter for Smith Douglas Homes (NYSE:SDHC)

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