Smith Douglas Homes Corp. (NYSE:SDHC) Short Interest Update

Smith Douglas Homes Corp. (NYSE:SDHC) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 552,100 shares, a growth of 32.0% from the March 15th total of 418,200 shares. Approximately 6.7% of the company’s stock are short sold. Based on an average daily trading volume, of 87,800 shares, the short-interest ratio is currently 6.3 days.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SDHC. Wells Fargo & Company decreased their price objective on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Bank of America lowered Smith Douglas Homes from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $33.00 to $22.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Smith Douglas Homes has an average rating of “Hold” and an average price target of $24.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors LP boosted its position in Smith Douglas Homes by 438.9% during the 4th quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company’s stock worth $29,640,000 after acquiring an additional 941,511 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Smith Douglas Homes by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock valued at $20,847,000 after acquiring an additional 35,702 shares in the last quarter. Beck Mack & Oliver LLC increased its stake in shares of Smith Douglas Homes by 58.1% during the fourth quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company’s stock valued at $17,933,000 after acquiring an additional 256,950 shares during the period. First Eagle Investment Management LLC raised its holdings in Smith Douglas Homes by 52.8% during the fourth quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company’s stock worth $3,817,000 after purchasing an additional 51,419 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Smith Douglas Homes by 31.9% in the fourth quarter. Renaissance Technologies LLC now owns 99,200 shares of the company’s stock worth $2,543,000 after purchasing an additional 24,000 shares during the period.

Smith Douglas Homes Stock Up 5.0 %

Shares of SDHC traded up $0.90 during midday trading on Friday, hitting $18.86. The company had a trading volume of 54,587 shares, compared to its average volume of 107,494. Smith Douglas Homes has a 52 week low of $17.03 and a 52 week high of $39.50. The company’s 50 day moving average price is $20.49 and its 200 day moving average price is $26.80. The stock has a market cap of $967.33 million, a price-to-earnings ratio of 10.72, a PEG ratio of 6.87 and a beta of 1.31.

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

About Smith Douglas Homes

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.