Renaissance Technologies LLC Has $2.54 Million Stake in Smith Douglas Homes Corp. (NYSE:SDHC)

Renaissance Technologies LLC grew its position in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 31.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,200 shares of the company's stock after purchasing an additional 24,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.19% of Smith Douglas Homes worth $2,543,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SDHC. Wells Fargo & Company decreased their price objective on shares of 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. Bank of America lowered Smith Douglas Homes from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Smith Douglas Homes has a consensus rating of "Hold" and a consensus target price of $24.60.

Smith Douglas Homes Stock Down 2.1 %

SDHC traded down $0.42 during midday trading on Wednesday, hitting $19.33. The company had a trading volume of 22,295 shares, compared to its average volume of 103,481. The company has a market capitalization of $991.28 million, a price-to-earnings ratio of 10.98, a PEG ratio of 6.87 and a beta of 1.31. The stock's 50 day moving average price is $19.88 and its 200 day moving average price is $25.88. 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 posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $287.49 million for the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. Research analysts predict that Smith Douglas Homes Corp. will post 1.73 EPS for the current 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.