New York State Common Retirement Fund Sells 12,538 Shares of Smith Douglas Homes Corp. (NYSE:SDHC)

New York State Common Retirement Fund trimmed its holdings in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,375 shares of the company's stock after selling 12,538 shares during the period. New York State Common Retirement Fund owned about 0.36% of Smith Douglas Homes worth $4,702,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Smith Douglas Homes by 1,551.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company's stock worth $806,000 after buying an additional 20,051 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Smith Douglas Homes during the 3rd quarter worth about $204,000. BNP Paribas Financial Markets acquired a new position in shares of Smith Douglas Homes during the 3rd quarter worth about $591,000. Jane Street Group LLC acquired a new position in shares of Smith Douglas Homes during the 3rd quarter worth about $530,000. Finally, Daiwa Securities Group Inc. lifted its stake in 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 last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on SDHC. JPMorgan Chase & Co. cut 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 note on Friday, December 13th. Wells Fargo & Company cut their target price on shares of Smith Douglas Homes from $33.00 to $24.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Wedbush reiterated a "neutral" rating and issued a $20.00 target price on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. Finally, Bank of America downgraded shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and cut their target price for the company from $33.00 to $22.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $25.40.

Smith Douglas Homes Stock Down 0.7 %

Smith Douglas Homes stock traded down $0.16 during trading hours on Monday, hitting $21.01. The company had a trading volume of 62,025 shares, compared to its average volume of 117,619. Smith Douglas Homes Corp. has a one year low of $20.55 and a one year high of $39.50. The firm has a 50-day moving average of $24.09 and a 200 day moving average of $30.95.

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.