Smith Douglas Homes Corp. (NYSE:SDHC) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP raised its stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 366.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,550 shares of the company's stock after purchasing an additional 21,642 shares during the quarter. Two Sigma Investments LP owned about 0.05% of Smith Douglas Homes worth $706,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SDHC. Wasatch Advisors LP increased its stake in Smith Douglas Homes by 438.9% during 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 in the last quarter. Beck Mack & Oliver LLC increased its stake 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 valued at $17,933,000 after purchasing an additional 256,950 shares in the last quarter. First Eagle Investment Management LLC increased its stake 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 valued at $3,817,000 after purchasing an additional 51,419 shares in the last quarter. Artisan Partners Limited Partnership increased 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 valued at $20,847,000 after purchasing an additional 35,702 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Smith Douglas Homes by 31.9% during the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company's stock valued at $2,543,000 after purchasing an additional 24,000 shares in the last quarter.

Smith Douglas Homes Stock Performance

Shares of NYSE SDHC opened at $19.50 on Friday. The company's fifty day moving average price is $18.88 and its 200 day moving average price is $23.00. Smith Douglas Homes Corp. has a 1 year low of $16.28 and a 1 year high of $39.50. The company has a market capitalization of $1.00 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 6.87 and a beta of 1.05.

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, hitting 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 firm had revenue of $287.49 million for the quarter, compared to the consensus estimate of $265.85 million. On average, equities analysts expect that Smith Douglas Homes Corp. will post 1.73 EPS for the current year.

Smith Douglas Homes declared that its board has initiated a stock buyback plan on Wednesday, May 28th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

SDHC has been the topic of a number of research reports. Wedbush reiterated a "neutral" rating and issued a $18.00 price objective on shares of Smith Douglas Homes in a research note on Wednesday, May 14th. Royal Bank of Canada set a $16.00 price objective on shares of Smith Douglas Homes and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. Wells Fargo & Company cut their price objective on shares of Smith Douglas Homes from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Smith Douglas Homes from $24.00 to $18.50 and set a "neutral" rating on the stock in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, Smith Douglas Homes has an average rating of "Hold" and a consensus price target of $18.90.

Insider Buying and Selling

In related news, Director Neill B. Faucett acquired 7,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $17.36 per share, with a total value of $121,520.00. Following the completion of the acquisition, the director now directly owns 14,505 shares in the company, valued at approximately $251,806.80. This trade represents a 93.27% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Ervin Perdue III acquired 6,840 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were bought at an average cost of $18.34 per share, for a total transaction of $125,445.60. Following the completion of the acquisition, the director now owns 14,345 shares of the company's stock, valued at approximately $263,087.30. This represents a 91.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 35,252 shares of company stock valued at $644,624. Corporate insiders own 82.71% of the company's stock.

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.

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