Artisan Partners Limited Partnership Has $20.85 Million Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Artisan Partners Limited Partnership grew its position in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 813,082 shares of the company's stock after buying an additional 35,702 shares during the period. Artisan Partners Limited Partnership owned approximately 1.59% of Smith Douglas Homes worth $20,847,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wasatch Advisors LP acquired a new position in shares of Smith Douglas Homes in the third quarter valued at approximately $8,104,000. First Eagle Investment Management LLC boosted its stake in Smith Douglas Homes by 52.8% in the 4th 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 during the period. Townsquare Capital LLC increased its holdings in Smith Douglas Homes by 39.4% during the 3rd quarter. Townsquare Capital LLC now owns 46,371 shares of the company's stock worth $1,752,000 after purchasing an additional 13,110 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Smith Douglas Homes by 31.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 29,487 shares of the company's stock valued at $1,114,000 after purchasing an additional 7,015 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Smith Douglas Homes by 39.0% in the third quarter. Stifel Financial Corp now owns 26,074 shares of the company's stock valued at $985,000 after purchasing an additional 7,310 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SDHC. Bank of America lowered Smith Douglas Homes from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $33.00 to $22.00 in a research report on Monday, January 27th. 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 on the stock in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Smith Douglas Homes currently has a consensus rating of "Hold" and an average target price of $24.80.

Smith Douglas Homes Price Performance

SDHC stock traded up $0.04 during trading hours on Wednesday, reaching $19.44. The stock had a trading volume of 1,098 shares, compared to its average volume of 87,107. The stock has a 50-day simple moving average of $22.08 and a 200 day simple moving average of $28.58. The stock has a market capitalization of $996.92 million, a PE ratio of 11.05, a price-to-earnings-growth ratio of 6.87 and a beta of 1.44. Smith Douglas Homes Corp. has a fifty-two week low of $18.53 and a fifty-two week high of $39.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. The firm had revenue of $287.49 million for the quarter, compared to analyst estimates of $265.85 million. On average, sell-side analysts forecast that Smith Douglas Homes Corp. will post 1.73 EPS 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.