Two Sigma Investments LP Grows Stock Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Two Sigma Investments LP boosted its stake in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 366.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,550 shares of the company's stock after purchasing an additional 21,642 shares during the quarter. Two Sigma Investments LP owned approximately 0.05% of Smith Douglas Homes worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SDHC. Arcadia Investment Management Corp MI purchased a new position in shares of Smith Douglas Homes during the 4th quarter valued at about $27,000. Trexquant Investment LP purchased a new position in shares of Smith Douglas Homes during the 4th quarter valued at about $218,000. Bank of New York Mellon Corp purchased a new position in shares of Smith Douglas Homes during the 4th quarter valued at about $328,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Smith Douglas Homes during the 4th quarter valued at about $456,000. Finally, Jane Street Group LLC raised its holdings in shares of Smith Douglas Homes by 69.9% during the 4th quarter. Jane Street Group LLC now owns 23,837 shares of the company's stock valued at $611,000 after buying an additional 9,805 shares in the last quarter.

Smith Douglas Homes Trading Down 3.8%

Shares of SDHC stock traded down $0.77 during trading hours on Wednesday, reaching $19.43. The company's stock had a trading volume of 55,262 shares, compared to its average volume of 101,339. The stock has a market capitalization of $998.97 million, a P/E ratio of 11.23, a P/E/G ratio of 6.87 and a beta of 1.06. Smith Douglas Homes Corp. has a one year low of $16.28 and a one year high of $39.50. The firm's fifty day simple moving average is $18.92 and its 200 day simple moving average is $22.80.

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

Smith Douglas Homes announced that its board has approved a stock buyback program on Wednesday, May 28th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wedbush reissued a "neutral" rating and set a $18.00 price objective on shares of Smith Douglas Homes in a report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price target on 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. Wells Fargo & Company decreased their price target on 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, 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 note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.90.

Insider Transactions at Smith Douglas Homes

In other Smith Douglas Homes news, Director George Ervin Perdue III acquired 2,412 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average cost of $18.83 per share, for a total transaction of $45,417.96. Following the transaction, the director now owns 26,757 shares in the company, valued at $503,834.31. This represents a 9.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Neill B. Faucett purchased 7,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $17.36 per share, for a total transaction of $121,520.00. Following the completion of the transaction, the director now directly owns 14,505 shares of the company's stock, valued at $251,806.80. This represents a 93.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 35,252 shares of company stock worth $644,624. 82.71% of the stock is currently owned by insiders.

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.