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

First Eagle Investment Management LLC raised its position in Smith Douglas Homes Corp. (NYSE:SDHC) by 52.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,882 shares of the company’s stock after buying an additional 51,419 shares during the period. First Eagle Investment Management LLC’s holdings in Smith Douglas Homes were worth $3,817,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in Smith Douglas Homes in the 4th quarter worth about $27,000. Quantbot Technologies LP boosted its holdings in Smith Douglas Homes by 287.0% in the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after buying an additional 2,738 shares during the last quarter. Atria Investments Inc acquired a new stake in Smith Douglas Homes in the 3rd quarter worth about $204,000. Yorktown Management & Research Co Inc acquired a new stake in Smith Douglas Homes in the 4th quarter worth about $236,000. Finally, XTX Topco Ltd acquired a new stake in Smith Douglas Homes in the 3rd quarter worth about $246,000.

Analyst Ratings Changes

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

Smith Douglas Homes Stock Up 2.4 %

SDHC stock opened at $19.64 on Friday. The firm’s 50 day moving average price is $23.02 and its 200-day moving average price is $29.93. Smith Douglas Homes Corp. has a one year low of $19.00 and a one year high of $39.50.

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 the consensus estimate of $0.46. The firm had revenue of $287.49 million for the quarter, compared to analyst estimates of $265.85 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. As a group, research analysts expect that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

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.