Wasatch Advisors LP Sells 55,532 Shares of Smith Douglas Homes Corp. $SDHC

Wasatch Advisors LP cut its holdings in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,223 shares of the company’s stock after selling 55,532 shares during the quarter. Wasatch Advisors LP owned about 1.05% of Smith Douglas Homes worth $8,255,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Smith Douglas Homes in the second quarter worth $34,000. Tower Research Capital LLC TRC bought a new position in Smith Douglas Homes during the second quarter worth $90,000. Hsbc Holdings PLC acquired a new position in Smith Douglas Homes during the 1st quarter valued at $168,000. Price T Rowe Associates Inc. MD acquired a new position in Smith Douglas Homes during the 4th quarter valued at $182,000. Finally, Ruane Cunniff & Goldfarb L.P. boosted its holdings in Smith Douglas Homes by 18.7% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after purchasing an additional 2,281 shares during the period.

Smith Douglas Homes Price Performance

Smith Douglas Homes stock opened at $14.33 on Thursday. The company has a market capitalization of $727.72 million, a PE ratio of 19.90 and a beta of 0.88. Smith Douglas Homes Corp. has a one year low of $10.72 and a one year high of $23.49. The business has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $14.45.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. The company had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. Equities analysts anticipate that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $13.90.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.