Kayne Anderson Rudnick Investment Management LLC Sells 30,756 Shares of Smith Douglas Homes Corp. (NYSE:SDHC)

Kayne Anderson Rudnick Investment Management LLC reduced its position in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,803,065 shares of the company's stock after selling 30,756 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 3.52% of Smith Douglas Homes worth $46,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SDHC. Arcadia Investment Management Corp MI acquired a new stake in Smith Douglas Homes in the fourth quarter worth about $27,000. Trexquant Investment LP bought a new position in shares of Smith Douglas Homes in the 4th quarter valued at about $218,000. Yorktown Management & Research Co Inc bought a new position in shares of Smith Douglas Homes in the 4th quarter valued at about $236,000. Bank of New York Mellon Corp bought a new stake in shares of Smith Douglas Homes during the fourth quarter worth approximately $328,000. Finally, Virtu Financial LLC acquired a new position in Smith Douglas Homes in the third quarter valued at approximately $344,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on SDHC. Wells Fargo & Company reduced 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. Bank of America lowered 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. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Smith Douglas Homes currently has an average rating of "Hold" and a consensus target price of $24.60.

Smith Douglas Homes Stock Down 3.0 %

Smith Douglas Homes stock traded down $0.60 during midday trading on Friday, hitting $19.56. 22,620 shares of the stock were exchanged, compared to its average volume of 105,132. Smith Douglas Homes Corp. has a 52 week low of $17.03 and a 52 week high of $39.50. The stock has a market capitalization of $1.00 billion, a PE ratio of 11.11, a P/E/G ratio of 6.87 and a beta of 1.31. The company has a fifty day simple moving average of $20.11 and a two-hundred day simple moving average of $26.25.

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, meeting 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 during the quarter, compared to analyst estimates of $265.85 million. As a group, equities research analysts anticipate that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

About Smith Douglas Homes

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.