Beck Mack & Oliver LLC Raises Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Beck Mack & Oliver LLC boosted its position in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 58.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 699,430 shares of the company's stock after buying an additional 256,950 shares during the period. Beck Mack & Oliver LLC owned 1.36% of Smith Douglas Homes worth $17,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SDHC. Arcadia Investment Management Corp MI acquired a new position in shares of Smith Douglas Homes in the 4th quarter valued at $27,000. Trexquant Investment LP purchased a new position in Smith Douglas Homes during the 4th quarter worth $218,000. Yorktown Management & Research Co Inc acquired a new position in Smith Douglas Homes in the fourth quarter valued at $236,000. Bank of New York Mellon Corp purchased a new stake in shares of Smith Douglas Homes in the fourth quarter valued at about $328,000. Finally, Virtu Financial LLC acquired a new stake in shares of Smith Douglas Homes during the third quarter worth about $344,000.

Analyst Ratings Changes

Several brokerages recently issued reports on SDHC. Wells Fargo & Company dropped their price target on Smith Douglas Homes from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Bank of America cut 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 research note on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.60.

Smith Douglas Homes Stock Up 3.1 %

SDHC stock traded up $0.63 on Thursday, reaching $20.74. 21,859 shares of the company's stock were exchanged, compared to its average volume of 105,884. The stock has a fifty day moving average of $20.26 and a 200-day moving average of $26.50. The firm has a market cap of $1.06 billion, a PE ratio of 11.81, a P/E/G ratio of 6.87 and a beta of 1.31. Smith Douglas Homes Corp. has a twelve month low of $17.03 and a twelve month high of $39.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The business had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. On average, equities research analysts predict that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

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.