Hood River Capital Management LLC Lowers Stake in Smith Douglas Homes Corp. (NYSE:SDHC)

Hood River Capital Management LLC trimmed its holdings in shares of Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) by 82.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,622 shares of the company's stock after selling 741,329 shares during the quarter. Hood River Capital Management LLC owned 0.32% of Smith Douglas Homes worth $4,170,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SDHC. Wasatch Advisors LP boosted its position in Smith Douglas Homes by 438.9% during 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 in the last quarter. Beck Mack & Oliver LLC lifted 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 acquiring an additional 256,950 shares during the period. First Eagle Investment Management LLC lifted 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 acquiring an additional 51,419 shares during the period. Artisan Partners Limited Partnership lifted 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 acquiring an additional 35,702 shares during the period. Finally, Renaissance Technologies LLC lifted 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 acquiring an additional 24,000 shares during the period.

Analyst Ratings Changes

A number of research firms have weighed in on SDHC. Wells Fargo & Company reduced their price objective on Smith Douglas Homes from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note 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 research 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 has a consensus rating of "Hold" and an average target price of $24.60.

Smith Douglas Homes Stock Performance

Shares of NYSE:SDHC traded down $0.36 during midday trading on Tuesday, reaching $19.52. 3,455 shares of the company's stock traded hands, compared to its average volume of 104,587. Smith Douglas Homes Corp. has a 1 year low of $17.03 and a 1 year high of $39.50. The company has a market cap of $1.00 billion, a P/E ratio of 11.08, a PEG ratio of 6.87 and a beta of 1.31. The company has a fifty day simple moving average of $20.05 and a two-hundred day simple moving average of $25.97.

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 for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $287.49 million for the quarter, compared to analysts' expectations of $265.85 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. As a group, research analysts forecast that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Smith Douglas Homes 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.