Gilder Gagnon Howe & Co. LLC Has $12.71 Million Holdings in Smith Douglas Homes Corp. (NYSE:SDHC)

Gilder Gagnon Howe & Co. LLC lessened its holdings in Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495,830 shares of the company's stock after selling 25,970 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 0.97% of Smith Douglas Homes worth $12,713,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Smith Douglas Homes by 1,551.9% during the third quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company's stock worth $806,000 after buying an additional 20,051 shares in the last quarter. Jane Street Group LLC bought a new position in Smith Douglas Homes during the 3rd quarter valued at about $530,000. Arcadia Investment Management Corp MI bought a new position in Smith Douglas Homes in the fourth quarter worth approximately $27,000. Artisan Partners Limited Partnership lifted its position in shares of Smith Douglas Homes by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company's stock valued at $20,847,000 after acquiring an additional 35,702 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Smith Douglas Homes in the fourth quarter worth about $328,000.

Smith Douglas Homes Stock Up 0.3 %

Shares of SDHC stock traded up $0.06 on Friday, reaching $19.66. 3,786 shares of the stock were exchanged, compared to its average volume of 102,708. Smith Douglas Homes Corp. has a 1-year low of $17.03 and a 1-year high of $39.50. The firm has a 50 day moving average of $19.83 and a two-hundred day moving average of $25.76. The stock has a market cap of $1.01 billion, a P/E ratio of 11.17, a price-to-earnings-growth 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 earnings per share for the quarter, hitting analysts' consensus estimates 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 analysts' expectations of $265.85 million. On average, equities research analysts predict that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced 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 research report on Monday, April 14th. Bank of America cut shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $33.00 to $22.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $24.60.

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.