First Eagle Investment Management LLC Purchases 91,292 Shares of Smith Douglas Homes Corp. $SDHC

First Eagle Investment Management LLC grew its position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 38.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 331,674 shares of the company’s stock after purchasing an additional 91,292 shares during the quarter. First Eagle Investment Management LLC’s holdings in Smith Douglas Homes were worth $5,857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock valued at $24,845,000 after buying an additional 53,358 shares during the last quarter. Vanguard Group Inc. increased its position in Smith Douglas Homes by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after acquiring an additional 3,884 shares during the period. Geode Capital Management LLC raised its stake in shares of Smith Douglas Homes by 8.8% during the second quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock valued at $1,980,000 after acquiring an additional 8,201 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Smith Douglas Homes by 26.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,251 shares of the company’s stock valued at $587,000 after acquiring an additional 7,025 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Smith Douglas Homes during the second quarter worth $644,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on SDHC shares. Royal Bank Of Canada lowered their target price on Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Wells Fargo & Company decreased their price target on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Wall Street Zen downgraded Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $16.60.

Smith Douglas Homes Price Performance

Shares of NYSE:SDHC opened at $14.83 on Thursday. Smith Douglas Homes Corp. has a 1 year low of $14.50 and a 1 year high of $23.50. The business’s 50-day moving average is $18.08 and its 200-day moving average is $18.35. The company has a market capitalization of $762.75 million, a price-to-earnings ratio of 11.86 and a beta of 1.04.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.