Smith Douglas Homes Corp. $SDHC Shares Purchased by Conifer Management L.L.C.

Conifer Management L.L.C. boosted its position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 68.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,433,350 shares of the company’s stock after buying an additional 581,794 shares during the quarter. Smith Douglas Homes makes up approximately 4.0% of Conifer Management L.L.C.’s holdings, making the stock its 4th largest holding. Conifer Management L.L.C. owned about 2.79% of Smith Douglas Homes worth $24,037,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Smith Douglas Homes by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock worth $1,752,000 after buying an additional 1,406 shares in the last quarter. First Trust Advisors LP raised its holdings in Smith Douglas Homes by 5.8% in the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after purchasing an additional 1,583 shares during the period. Raymond James Financial Inc. acquired a new stake in Smith Douglas Homes in the second quarter worth $34,000. Beck Mack & Oliver LLC raised its holdings in Smith Douglas Homes by 0.4% in the fourth quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after purchasing an additional 3,605 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Smith Douglas Homes by 0.9% in the third quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after buying an additional 3,884 shares during the period.

Smith Douglas Homes Price Performance

SDHC opened at $13.67 on Friday. The business has a fifty day simple moving average of $13.10 and a 200 day simple moving average of $15.90. The company has a market capitalization of $694.16 million, a PE ratio of 14.39 and a beta of 1.13. Smith Douglas Homes Corp. has a 1 year low of $10.72 and a 1 year high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%.The business had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. Equities analysts anticipate that Smith Douglas Homes Corp. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on SDHC. Zelman & Associates assumed coverage on shares of Smith Douglas Homes in a report on Monday, April 6th. They issued a “neutral” rating and a $13.50 price target for the company. Wells Fargo & Company lowered their target price on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Citizens Jmp assumed coverage on Smith Douglas Homes in a research note on Tuesday, March 24th. They issued a “market perform” rating on the stock. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. reduced their price target on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Smith Douglas Homes currently has a consensus rating of “Reduce” and a consensus price target of $13.90.

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.