Smith Douglas Homes Corp. (NYSE:SDHC) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 67.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 43,840 shares of the company’s stock after selling 89,915 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Smith Douglas Homes were worth $1,025,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Azzad Asset Management Inc. ADV bought a new position in Smith Douglas Homes in the 1st quarter valued at about $331,000. Norden Group LLC bought a new stake in shares of Smith Douglas Homes during the 1st quarter worth about $2,331,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter worth approximately $76,000. Peregrine Capital Management LLC bought a new position in Smith Douglas Homes during the 1st quarter valued at $867,000. Finally, Caas Capital Management LP acquired a new position in shares of Smith Douglas Homes during the 1st quarter valued at $1,079,000.

Smith Douglas Homes Price Performance

Shares of SDHC traded down $0.37 during mid-day trading on Friday, reaching $36.66. The company’s stock had a trading volume of 127,533 shares, compared to its average volume of 179,184. Smith Douglas Homes Corp. has a 1 year low of $20.55 and a 1 year high of $38.48. The business has a fifty day moving average of $29.41 and a 200 day moving average of $28.50.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $208.02 million. Smith Douglas Homes’s quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts forecast that Smith Douglas Homes Corp. will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SDHC. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 target price on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of Smith Douglas Homes in a research report on Wednesday, August 14th. Bank of America raised their price objective on Smith Douglas Homes from $30.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Wells Fargo & Company lifted their price target on Smith Douglas Homes from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.70.

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.