Smith Douglas Homes Corp. (NYSE:SDHC) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 52.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,882 shares of the company’s stock after purchasing an additional 51,419 shares during the quarter. First Eagle Investment Management LLC owned about 0.29% of Smith Douglas Homes worth $3,817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SDHC. Wasatch Advisors LP acquired a new stake in shares of Smith Douglas Homes in the 3rd quarter worth $8,104,000. JPMorgan Chase & Co. raised its stake in Smith Douglas Homes by 1,551.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company’s stock worth $806,000 after acquiring an additional 20,051 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Smith Douglas Homes in the 3rd quarter worth $591,000. Jane Street Group LLC purchased a new position in Smith Douglas Homes in the 3rd quarter worth $530,000. Finally, Townsquare Capital LLC raised its stake in Smith Douglas Homes by 39.4% in the 3rd quarter. Townsquare Capital LLC now owns 46,371 shares of the company’s stock worth $1,752,000 after acquiring an additional 13,110 shares during the last quarter.

Smith Douglas Homes Trading Up 2.4 %

NYSE SDHC opened at $19.64 on Friday. The stock has a 50-day simple moving average of $23.02 and a two-hundred day simple moving average of $29.93. Smith Douglas Homes Corp. has a fifty-two week low of $19.00 and a fifty-two week high of $39.50.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America lowered Smith Douglas Homes from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $33.00 to $22.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Finally, Wells Fargo & Company reduced their price objective on Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $24.80.

Smith Douglas Homes Company 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.