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

Townsquare Capital LLC trimmed its position in Smith Douglas Homes Corp. (NYSE:SDHC) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 44,072 shares of the company’s stock after selling 2,299 shares during the quarter. Townsquare Capital LLC’s holdings in Smith Douglas Homes were worth $1,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new position in Smith Douglas Homes during the 4th quarter worth approximately $27,000. Trexquant Investment LP acquired a new position in Smith Douglas Homes during the fourth quarter valued at $218,000. Yorktown Management & Research Co Inc purchased a new stake in Smith Douglas Homes in the fourth quarter valued at $236,000. XTX Topco Ltd acquired a new stake in Smith Douglas Homes during the 3rd quarter worth about $246,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Smith Douglas Homes during the 4th quarter valued at about $328,000.

Smith Douglas Homes Stock Performance

NYSE:SDHC opened at $18.86 on Friday. The company has a fifty day moving average of $20.59 and a two-hundred day moving average of $27.00. Smith Douglas Homes Corp. has a fifty-two week low of $17.03 and a fifty-two week high of $39.50. The stock has a market capitalization of $967.33 million, a PE ratio of 10.72, a P/E/G ratio of 6.87 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America lowered Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $33.00 to $22.00 in a report on Monday, January 27th. Wells Fargo & Company lowered their price target on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.