Trexquant Investment LP Makes New $218,000 Investment in Smith Douglas Homes Corp. (NYSE:SDHC)

Trexquant Investment LP bought a new stake in Smith Douglas Homes Corp. (NYSE:SDHC) in the 4th quarter, HoldingsChannel.com reports. The firm bought 8,504 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently modified their holdings of SDHC. JPMorgan Chase & Co. boosted its stake in Smith Douglas Homes by 1,551.9% in the third quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company’s stock valued at $806,000 after acquiring an additional 20,051 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Smith Douglas Homes in the 3rd quarter valued at about $530,000. Arcadia Investment Management Corp MI purchased a new position in Smith Douglas Homes during the 4th quarter worth approximately $27,000. Artisan Partners Limited Partnership increased its position 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 worth $20,847,000 after buying an additional 35,702 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Smith Douglas Homes in the fourth quarter valued at approximately $328,000.

Smith Douglas Homes Price Performance

NYSE:SDHC opened at $18.40 on Tuesday. The firm has a market cap of $943.59 million, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 6.87 and a beta of 1.31. The firm’s fifty day moving average price is $20.88 and its 200 day moving average price is $27.26. Smith Douglas Homes Corp. has a 1-year low of $17.03 and a 1-year high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate 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 net margin of 4.60% and a return on equity of 21.01%. As a group, analysts expect that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.