Jacobs Levy Equity Management Inc. Acquires Shares of 17,804 Smith Douglas Homes Corp. (NYSE:SDHC)

Jacobs Levy Equity Management Inc. acquired a new stake in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 17,804 shares of the company's stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also modified their holdings of SDHC. Wasatch Advisors LP grew its position in shares of Smith Douglas Homes by 438.9% in the 4th quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company's stock valued at $29,640,000 after purchasing an additional 941,511 shares during the period. Beck Mack & Oliver LLC boosted its position in Smith Douglas Homes by 58.1% during the 4th quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company's stock worth $17,933,000 after acquiring an additional 256,950 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Smith Douglas Homes by 52.8% during the 4th quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company's stock worth $3,817,000 after acquiring an additional 51,419 shares during the last quarter. Artisan Partners Limited Partnership boosted its position 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 acquiring an additional 35,702 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Smith Douglas Homes by 31.9% during the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company's stock worth $2,543,000 after acquiring an additional 24,000 shares during the last quarter.

Smith Douglas Homes Trading Up 2.7%

Shares of Smith Douglas Homes stock traded up $0.46 on Friday, reaching $17.29. 36,125 shares of the company were exchanged, compared to its average volume of 99,823. Smith Douglas Homes Corp. has a one year low of $16.28 and a one year high of $39.50. The company has a market capitalization of $888.92 million, a price-to-earnings ratio of 9.99, a PEG ratio of 6.87 and a beta of 1.28. The company has a 50-day moving average of $19.13 and a 200 day moving average of $24.00.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $287.49 million for the quarter, compared to analysts' expectations of $265.85 million. Analysts predict that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

Insider Transactions at Smith Douglas Homes

In other Smith Douglas Homes news, Director Jeffrey T. Jackson bought 6,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were acquired at an average cost of $18.49 per share, with a total value of $110,940.00. Following the acquisition, the director now owns 25,682 shares of the company's stock, valued at $474,860.18. The trade was a 30.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Russell Devendorf acquired 3,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was purchased at an average cost of $16.80 per share, for a total transaction of $50,400.00. Following the completion of the acquisition, the insider now owns 299,952 shares in the company, valued at approximately $5,039,193.60. This represents a 1.01% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 82.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SDHC shares. JPMorgan Chase & Co. reduced their price target on Smith Douglas Homes from $24.00 to $18.50 and set a "neutral" rating for the company in a research report on Wednesday. Bank of America downgraded Smith Douglas Homes from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. Royal Bank of Canada set a $16.00 price target on Smith Douglas Homes and gave the stock a "sector perform" rating in a research report on Tuesday. 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 research report on Monday, April 14th. Finally, Wedbush reaffirmed a "neutral" rating and set a $18.00 price target on shares of Smith Douglas Homes in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.90.

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.