JPMorgan Chase & Co. Sells 19,525 Shares of Smith Douglas Homes Corp. (NYSE:SDHC)

JPMorgan Chase & Co. decreased its stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 91.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,818 shares of the company's stock after selling 19,525 shares during the period. JPMorgan Chase & Co.'s holdings in Smith Douglas Homes were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership grew its position in shares of 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 buying an additional 35,702 shares during the period. First Eagle Investment Management LLC increased its holdings in 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 purchasing an additional 51,419 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Smith Douglas Homes during the fourth quarter worth about $328,000. Arcadia Investment Management Corp MI bought a new stake in shares of Smith Douglas Homes in the 4th quarter valued at about $27,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Smith Douglas Homes in the 4th quarter valued at approximately $236,000.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SDHC. Bank of America cut shares of 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. Wells Fargo & Company dropped their target price on shares of Smith Douglas Homes from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Smith Douglas Homes currently has an average rating of "Hold" and an average price target of $24.60.

Smith Douglas Homes Price Performance

NYSE:SDHC traded up $0.16 on Friday, hitting $19.10. 13,252 shares of the company's stock were exchanged, compared to its average volume of 101,832. The firm has a 50-day moving average price of $19.56 and a 200-day moving average price of $25.01. The company has a market cap of $982.26 million, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 6.87 and a beta of 1.28. Smith Douglas Homes Corp. has a 52 week low of $17.03 and a 52 week high of $39.50.

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, hitting the consensus estimate of $0.46. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The company had revenue of $287.49 million for the quarter, compared to analyst estimates of $265.85 million. On average, research analysts expect that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Smith Douglas Homes Company 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.