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

Wasatch Advisors LP trimmed its position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 531,223 shares of the company’s stock after selling 55,532 shares during the quarter. Wasatch Advisors LP’s holdings in Smith Douglas Homes were worth $8,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SDHC. Raymond James Financial Inc. bought a new position in shares of Smith Douglas Homes in the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC bought a new stake in Smith Douglas Homes during the 2nd quarter worth approximately $90,000. Hsbc Holdings PLC acquired a new stake in Smith Douglas Homes during the 1st quarter valued at $168,000. Price T Rowe Associates Inc. MD acquired a new stake in Smith Douglas Homes during the 4th quarter valued at $182,000. Finally, Ruane Cunniff & Goldfarb L.P. raised its position 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 last quarter.

Wall Street Analysts Forecast Growth

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

Smith Douglas Homes Price Performance

SDHC opened at $14.33 on Thursday. The stock has a market capitalization of $727.72 million, a P/E ratio of 19.90 and a beta of 0.88. The company’s 50 day simple moving average is $14.59 and its 200-day simple moving average is $14.45. Smith Douglas Homes Corp. has a one year low of $10.72 and a one year high of $23.49.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%.The company had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. As a group, analysts anticipate that Smith Douglas Homes Corp. will post 0.25 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. was founded in 2008 and is headquartered in Woodstock, Georgia.