Ghisallo Capital Management LLC Lowers Position in Smith Douglas Homes Corp. (NYSE:SDHC)

Ghisallo Capital Management LLC trimmed its position in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 47.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,000 shares of the company's stock after selling 45,000 shares during the period. Ghisallo Capital Management LLC owned 0.10% of Smith Douglas Homes worth $1,282,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Wasatch Advisors LP lifted its stake in shares of Smith Douglas Homes by 438.9% in the 4th quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company's stock valued at $29,640,000 after acquiring an additional 941,511 shares during the last quarter. Artisan Partners Limited Partnership raised its position 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 worth $20,847,000 after purchasing an additional 35,702 shares during the last quarter. Beck Mack & Oliver LLC raised its position 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 worth $17,933,000 after purchasing an additional 256,950 shares during the last quarter. First Eagle Investment Management LLC raised its position 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 worth $3,817,000 after purchasing an additional 51,419 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Smith Douglas Homes by 31.9% during the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company's stock worth $2,543,000 after purchasing an additional 24,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Smith Douglas Homes Stock Up 1.4 %

Smith Douglas Homes stock traded up $0.28 during trading hours on Thursday, reaching $19.73. 6,894 shares of the company's stock were exchanged, compared to its average volume of 78,499. The firm's 50 day simple moving average is $19.88 and its 200 day simple moving average is $25.88. Smith Douglas Homes Corp. has a twelve month low of $17.03 and a twelve month high of $39.50. The firm has a market capitalization of $1.01 billion, a PE ratio of 11.21, a PEG ratio of 6.87 and a beta of 1.31.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its earnings results on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $287.49 million during 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%. Analysts anticipate that Smith Douglas Homes Corp. will post 1.73 EPS for the current 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.