Wellington Management Group LLP Trims Stock Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Wellington Management Group LLP cut its position in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 913,047 shares of the company's stock after selling 99,646 shares during the quarter. Wellington Management Group LLP owned approximately 1.78% of Smith Douglas Homes worth $23,411,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SDHC. First Eagle Investment Management LLC boosted its holdings in shares of Smith Douglas Homes by 52.8% in the fourth quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company's stock valued at $3,817,000 after acquiring an additional 51,419 shares during the period. Artisan Partners Limited Partnership boosted its stake in Smith Douglas Homes by 4.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company's stock worth $20,847,000 after purchasing an additional 35,702 shares during the period. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 20,051 shares during the period. BNP Paribas Financial Markets purchased a new position in Smith Douglas Homes during the 3rd quarter worth $591,000. Finally, Jane Street Group LLC acquired a new position in Smith Douglas Homes in the third quarter valued at $530,000.

Smith Douglas Homes Stock Up 1.2 %

Shares of Smith Douglas Homes stock traded up $0.22 during trading on Friday, reaching $18.78. The company's stock had a trading volume of 50,056 shares, compared to its average volume of 110,623. Smith Douglas Homes Corp. has a 12-month low of $17.03 and a 12-month high of $39.50. The company has a market capitalization of $962.82 million, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 6.87 and a beta of 1.31. The business has a 50 day moving average price of $20.98 and a 200-day moving average price of $27.44.

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

Wall Street Analyst Weigh In

SDHC has been the topic of a number of research reports. Bank of America lowered Smith Douglas Homes from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from $33.00 to $22.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Friday, December 13th. Finally, Wells Fargo & Company cut their price target on Smith Douglas Homes from $24.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Smith Douglas Homes presently has a consensus rating of "Hold" and a consensus price target of $24.80.

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.