Kayne Anderson Rudnick Investment Management LLC Has $46.23 Million Stake in Smith Douglas Homes Corp. (NYSE:SDHC)

Kayne Anderson Rudnick Investment Management LLC trimmed its position in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,803,065 shares of the company's stock after selling 30,756 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 3.52% of Smith Douglas Homes worth $46,231,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Beck Mack & Oliver LLC increased its holdings in Smith Douglas Homes by 58.1% in the fourth quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company's stock worth $17,933,000 after buying an additional 256,950 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Smith Douglas Homes by 438.9% during the 4th quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company's stock valued at $29,640,000 after purchasing an additional 941,511 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Smith Douglas Homes by 31.9% in the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company's stock valued at $2,543,000 after purchasing an additional 24,000 shares during the last quarter. Trexquant Investment LP bought a new stake in Smith Douglas Homes in the fourth quarter worth $218,000. Finally, Geode Capital Management LLC increased its position in Smith Douglas Homes by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 90,038 shares of the company's stock worth $2,310,000 after buying an additional 457 shares during the last quarter.

Smith Douglas Homes Price Performance

Shares of Smith Douglas Homes stock traded up $0.04 during midday trading on Thursday, hitting $20.15. 63,512 shares of the company were exchanged, compared to its average volume of 106,152. The firm has a 50 day simple moving average of $20.26 and a 200-day simple moving average of $26.50. The firm has a market cap of $1.03 billion, a P/E ratio of 11.45, a PEG ratio of 6.87 and a beta of 1.31. Smith Douglas Homes Corp. has a 52 week low of $17.03 and a 52 week high of $39.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, meeting analysts' consensus estimates 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%. Equities research analysts expect that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SDHC. Bank of America cut Smith Douglas Homes from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. Wells Fargo & Company decreased their target price on Smith Douglas Homes from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.