New York State Common Retirement Fund Sells 12,538 Shares of Smith Douglas Homes Corp. (NYSE:SDHC)

New York State Common Retirement Fund reduced its stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,375 shares of the company’s stock after selling 12,538 shares during the quarter. New York State Common Retirement Fund’s holdings in Smith Douglas Homes were worth $4,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SDHC. Wasatch Advisors LP bought a new position in shares of Smith Douglas Homes during the 3rd quarter valued at approximately $8,104,000. Lisanti Capital Growth LLC grew its position in Smith Douglas Homes by 20.4% in the 3rd quarter. Lisanti Capital Growth LLC now owns 52,785 shares of the company’s stock valued at $1,994,000 after acquiring an additional 8,945 shares during the last quarter. Townsquare Capital LLC increased its stake in Smith Douglas Homes by 39.4% in the third quarter. Townsquare Capital LLC now owns 46,371 shares of the company’s stock worth $1,752,000 after purchasing an additional 13,110 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Smith Douglas Homes by 31.2% during the third quarter. Daiwa Securities Group Inc. now owns 29,487 shares of the company’s stock worth $1,114,000 after purchasing an additional 7,015 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Smith Douglas Homes by 39.0% during the third quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock valued at $985,000 after purchasing an additional 7,310 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America lowered shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $33.00 to $22.00 in a report on Monday, January 27th. Wedbush reiterated a “neutral” rating and issued a $20.00 price target on shares of Smith Douglas Homes in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes presently has a consensus rating of “Hold” and a consensus target price of $25.40.

Smith Douglas Homes Stock Performance

SDHC opened at $21.42 on Friday. The firm’s 50-day moving average price is $24.22 and its 200-day moving average price is $31.06. Smith Douglas Homes Corp. has a 52-week low of $20.55 and a 52-week high of $39.50.

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.