Hood River Capital Management LLC Reduces Holdings in Smith Douglas Homes Corp. (NYSE:SDHC)

Hood River Capital Management LLC lowered its holdings in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 82.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,622 shares of the company's stock after selling 741,329 shares during the period. Hood River Capital Management LLC owned 0.32% of Smith Douglas Homes worth $4,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SDHC. Jane Street Group LLC acquired a new position in shares of Smith Douglas Homes in the third quarter valued at approximately $530,000. Virtu Financial LLC acquired a new position in Smith Douglas Homes in the 3rd quarter valued at $344,000. JPMorgan Chase & Co. raised its position in 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. Yorktown Management & Research Co Inc acquired a new stake in shares of Smith Douglas Homes in the 4th quarter worth $236,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Smith Douglas Homes in the fourth quarter valued at about $27,000.

Smith Douglas Homes Price Performance

Smith Douglas Homes stock traded down $0.60 during mid-day trading on Friday, reaching $19.56. The company had a trading volume of 22,620 shares, compared to its average volume of 105,339. The stock's 50-day simple moving average is $20.11 and its 200-day simple moving average is $26.17. Smith Douglas Homes Corp. has a 1 year low of $17.03 and a 1 year high of $39.50. The company has a market capitalization of $1.00 billion, a P/E ratio of 11.11, a P/E/G ratio of 6.87 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America downgraded shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $33.00 to $22.00 in a research report on Monday, January 27th. Wells Fargo & Company reduced their price target on Smith Douglas Homes from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. One equities research 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 target price of $24.60.

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.