First Eagle Investment Management LLC Purchases 51,419 Shares of Smith Douglas Homes Corp. (NYSE:SDHC)

First Eagle Investment Management LLC grew its stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 52.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,882 shares of the company's stock after buying an additional 51,419 shares during the quarter. First Eagle Investment Management LLC owned about 0.29% of Smith Douglas Homes worth $3,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SDHC. Arcadia Investment Management Corp MI acquired a new position in shares of Smith Douglas Homes in the 4th quarter worth approximately $27,000. Quantbot Technologies LP grew its stake in shares of Smith Douglas Homes by 287.0% in the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company's stock worth $139,000 after purchasing an additional 2,738 shares during the last quarter. Atria Investments Inc acquired a new position in shares of Smith Douglas Homes in the 3rd quarter worth approximately $204,000. XTX Topco Ltd acquired a new position in shares of Smith Douglas Homes in the 3rd quarter worth approximately $246,000. Finally, Daiwa Securities Group Inc. increased its position in shares of Smith Douglas Homes by 31.2% in the third quarter. Daiwa Securities Group Inc. now owns 29,487 shares of the company's stock worth $1,114,000 after acquiring an additional 7,015 shares in the last quarter.

Smith Douglas Homes Price Performance

NYSE:SDHC traded up $0.56 during mid-day trading on Thursday, reaching $20.66. The stock had a trading volume of 95,280 shares, compared to its average volume of 114,748. The business's 50 day moving average is $22.80 and its 200 day moving average is $29.58. Smith Douglas Homes Corp. has a fifty-two week low of $18.88 and a fifty-two week high of $39.50. The stock has a market cap of $1.06 billion, a P/E ratio of 11.74, a PEG ratio of 6.87 and a beta of 1.44.

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Smith Douglas Homes (NYSE:SDHC - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $265.85 million. Equities analysts expect that Smith Douglas Homes Corp. will post 1.73 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SDHC. JPMorgan Chase & Co. dropped their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Friday, December 13th. Wells Fargo & Company dropped their target price 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, Bank of America downgraded shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, Smith Douglas Homes has an average rating of "Hold" and a consensus price target of $24.80.

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.