Townsquare Capital LLC Trims Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Townsquare Capital LLC trimmed its stake in Smith Douglas Homes Corp. (NYSE:SDHC) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,072 shares of the company’s stock after selling 2,299 shares during the period. Townsquare Capital LLC owned about 0.09% of Smith Douglas Homes worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SDHC. Artisan Partners Limited Partnership grew its stake in Smith Douglas Homes by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock worth $20,847,000 after purchasing an additional 35,702 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Smith Douglas Homes by 52.8% during the 4th quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company’s stock worth $3,817,000 after buying an additional 51,419 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Smith Douglas Homes by 31.9% during the fourth quarter. Renaissance Technologies LLC now owns 99,200 shares of the company’s stock valued at $2,543,000 after buying an additional 24,000 shares during the period. Geode Capital Management LLC lifted its stake in Smith Douglas Homes by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 90,038 shares of the company’s stock worth $2,310,000 after acquiring an additional 457 shares during the period. Finally, Stifel Financial Corp grew its holdings in Smith Douglas Homes by 39.0% during the 3rd quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock worth $985,000 after acquiring an additional 7,310 shares in the last quarter.

Smith Douglas Homes Trading Up 5.0 %

Shares of SDHC stock opened at $18.86 on Friday. The company has a market cap of $967.33 million, a PE ratio of 10.72, a PEG ratio of 6.87 and a beta of 1.31. Smith Douglas Homes Corp. has a 12-month low of $17.03 and a 12-month high of $39.50. The business’s fifty day simple moving average is $20.59 and its 200-day simple moving average is $27.00.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly 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 company had revenue of $287.49 million during the quarter, compared to analysts’ expectations of $265.85 million. On average, equities analysts forecast that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SDHC has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday. Bank of America cut Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $33.00 to $22.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Smith Douglas Homes presently has a consensus rating of “Hold” and an average target price of $24.60.

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.