Smith Douglas Homes Corp. (NYSE:SDHC) Shares Purchased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its holdings in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 813,082 shares of the company's stock after buying an additional 35,702 shares during the quarter. Artisan Partners Limited Partnership owned about 1.59% of Smith Douglas Homes worth $20,847,000 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 shares of Smith Douglas Homes in the fourth quarter worth $27,000. Quantbot Technologies LP lifted its holdings in Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company's stock valued at $139,000 after acquiring an additional 2,738 shares during the period. XTX Topco Ltd acquired a new stake in shares of Smith Douglas Homes during the 3rd quarter worth approximately $246,000. Virtu Financial LLC acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at $344,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in Smith Douglas Homes during the fourth quarter worth $236,000.

Smith Douglas Homes Stock Performance

Shares of NYSE SDHC traded up $0.55 during trading on Monday, hitting $19.54. 85,994 shares of the company were exchanged, compared to its average volume of 113,672. Smith Douglas Homes Corp. has a 12-month low of $18.61 and a 12-month high of $39.50. The company has a fifty day moving average price of $22.30 and a 200-day moving average price of $28.82. The firm has a market capitalization of $1.00 billion, a PE ratio of 11.10, a P/E/G ratio of 6.87 and a beta of 1.44.

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Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company 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%. Research analysts anticipate that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.