Stifel Financial Corp Reduces Stock Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Stifel Financial Corp lessened its position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 5.5% in the fourth quarter, Holdings Channel reports. The fund owned 24,635 shares of the company’s stock after selling 1,439 shares during the quarter. Stifel Financial Corp’s holdings in Smith Douglas Homes were worth $632,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Wasatch Advisors LP increased its holdings in Smith Douglas Homes by 438.9% during the fourth quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company’s stock valued at $29,640,000 after buying an additional 941,511 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in Smith Douglas Homes by 4.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock valued at $20,847,000 after purchasing an additional 35,702 shares in the last quarter. Beck Mack & Oliver LLC lifted its holdings in Smith Douglas Homes by 58.1% during the fourth quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company’s stock valued at $17,933,000 after purchasing an additional 256,950 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Smith Douglas Homes by 52.8% during the 4th quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company’s stock valued at $3,817,000 after buying an additional 51,419 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Smith Douglas Homes by 31.9% in the fourth quarter. Renaissance Technologies LLC now owns 99,200 shares of the company’s stock valued at $2,543,000 after acquiring an additional 24,000 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SDHC shares. Bank of America cut Smith Douglas Homes from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $33.00 to $22.00 in a report on Monday, January 27th. Wells Fargo & Company reduced their target price on Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.60.

Smith Douglas Homes Trading Up 0.8%

Shares of NYSE SDHC opened at $19.10 on Monday. Smith Douglas Homes Corp. has a 12-month low of $17.03 and a 12-month high of $39.50. The firm’s 50-day moving average price is $19.56 and its 200-day moving average price is $24.94. The stock has a market capitalization of $982.26 million, a price-to-earnings ratio of 10.85, a P/E/G ratio of 6.87 and a beta of 1.28.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $287.49 million for the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. On average, equities analysts predict that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Smith Douglas Homes 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.