First Eagle Investment Management LLC Has $5.86 Million Holdings in Smith Douglas Homes Corp. $SDHC

First Eagle Investment Management LLC increased its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 38.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,674 shares of the company’s stock after buying an additional 91,292 shares during the period. First Eagle Investment Management LLC owned 0.64% of Smith Douglas Homes worth $5,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Wasatch Advisors LP raised its holdings in Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock valued at $24,845,000 after acquiring an additional 53,358 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Smith Douglas Homes in the third quarter worth $195,000. Teachers Retirement System of The State of Kentucky raised its stake in Smith Douglas Homes by 26.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,251 shares of the company’s stock valued at $587,000 after purchasing an additional 7,025 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes in the second quarter valued at about $34,000. Finally, Tower Research Capital LLC TRC bought a new stake in Smith Douglas Homes during the second quarter worth about $90,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on SDHC shares. Zacks Research lowered shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Wells Fargo & Company cut their target price on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, BTIG Research began coverage on Smith Douglas Homes in a report on Monday, December 1st. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $16.60.

Smith Douglas Homes Price Performance

Shares of NYSE:SDHC opened at $14.83 on Thursday. Smith Douglas Homes Corp. has a one year low of $14.50 and a one year high of $23.50. The company has a market cap of $762.75 million, a price-to-earnings ratio of 11.86 and a beta of 1.04. The firm has a 50 day simple moving average of $18.08 and a 200 day simple moving average of $18.35.

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