Smith Douglas Homes Corp. $SDHC Stock Holdings Lowered by 12 West Capital Management LP

12 West Capital Management LP lessened its position in Smith Douglas Homes Corp. (NYSE:SDHC) by 26.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 535,140 shares of the company’s stock after selling 197,211 shares during the period. Smith Douglas Homes makes up 1.0% of 12 West Capital Management LP’s portfolio, making the stock its 15th biggest position. 12 West Capital Management LP owned approximately 1.04% of Smith Douglas Homes worth $9,451,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SDHC. Geode Capital Management LLC raised its holdings in shares of Smith Douglas Homes by 8.8% during the second quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock valued at $1,980,000 after buying an additional 8,201 shares during the last quarter. First Trust Advisors LP raised its stake in Smith Douglas Homes by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock valued at $564,000 after acquiring an additional 1,583 shares in the last quarter. Marshall Wace LLP bought a new stake in Smith Douglas Homes during the 2nd quarter valued at $644,000. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes during the 2nd quarter worth $34,000. Finally, Wasatch Advisors LP boosted its position in Smith Douglas Homes by 4.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after acquiring an additional 53,358 shares during the period.

Smith Douglas Homes Stock Performance

SDHC opened at $12.64 on Friday. Smith Douglas Homes Corp. has a one year low of $11.24 and a one year high of $23.50. The stock’s fifty day moving average is $17.51 and its 200-day moving average is $18.01. The company has a market capitalization of $650.33 million, a PE ratio of 10.62 and a beta of 1.04.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm had revenue of $260.43 million for the quarter, compared to the consensus estimate of $251.09 million. Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.05%. On average, equities research analysts forecast that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

SDHC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $17.00 price target on shares of Smith Douglas Homes in a report on Friday, November 21st. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. BTIG Research began coverage on shares of Smith Douglas Homes in a research note on Monday, December 1st. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Smith Douglas Homes presently has an average rating of “Reduce” and a consensus target price of $15.80.

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.