Seven Grand Managers LLC Has $1.89 Million Stake in Smith Douglas Homes Corp. (NYSE:SDHC)

Seven Grand Managers LLC raised its holdings in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 100.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the company's stock after purchasing an additional 25,000 shares during the quarter. Seven Grand Managers LLC owned 0.10% of Smith Douglas Homes worth $1,889,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. RiverPark Advisors LLC acquired a new stake in shares of Smith Douglas Homes during the 2nd quarter valued at $120,000. Sandia Investment Management LP acquired a new stake in shares of Smith Douglas Homes during the 1st quarter valued at $178,000. Azzad Asset Management Inc. ADV acquired a new stake in shares of Smith Douglas Homes during the 1st quarter valued at $331,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Smith Douglas Homes during the 1st quarter valued at $565,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Smith Douglas Homes during the 1st quarter valued at $688,000.

Wall Street Analysts Forecast Growth

SDHC has been the topic of several recent research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $26.00 price objective on shares of Smith Douglas Homes in a report on Thursday, August 15th. Bank of America raised their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Wedbush reaffirmed a "neutral" rating and set a $20.00 target price on shares of Smith Douglas Homes in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company raised their target price on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.50.

Smith Douglas Homes Stock Performance

Shares of SDHC stock traded up $0.18 during mid-day trading on Thursday, hitting $36.76. The company's stock had a trading volume of 38,447 shares, compared to its average volume of 114,850. The company's fifty day simple moving average is $36.11 and its 200-day simple moving average is $30.09. Smith Douglas Homes Corp. has a 52 week low of $20.55 and a 52 week high of $39.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $220.90 million during the quarter, compared to the consensus estimate of $208.02 million. Smith Douglas Homes's revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts expect that Smith Douglas Homes Corp. will post 1.66 earnings per share for the current 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.