Peregrine Capital Management LLC Has $394,000 Stock Holdings in Smith Douglas Homes Corp. $SDHC

Peregrine Capital Management LLC decreased its position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) by 30.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,288 shares of the company’s stock after selling 8,902 shares during the period. Peregrine Capital Management LLC’s holdings in Smith Douglas Homes were worth $394,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SDHC. M&T Bank Corp boosted its position in shares of Smith Douglas Homes by 8.4% during the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock worth $215,000 after acquiring an additional 848 shares in the last quarter. PDT Partners LLC boosted its position in shares of Smith Douglas Homes by 10.7% during the 1st quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock worth $273,000 after acquiring an additional 1,349 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Smith Douglas Homes by 80.2% during the 1st quarter. Victory Capital Management Inc. now owns 14,395 shares of the company’s stock worth $281,000 after acquiring an additional 6,406 shares in the last quarter. Trexquant Investment LP boosted its position in shares of Smith Douglas Homes by 93.1% during the 1st quarter. Trexquant Investment LP now owns 16,420 shares of the company’s stock worth $321,000 after acquiring an additional 7,916 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Smith Douglas Homes by 1.0% during the 1st quarter. New York State Common Retirement Fund now owns 185,119 shares of the company’s stock worth $3,614,000 after acquiring an additional 1,744 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Bank of America cut their target price on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating on the stock in a research report on Friday, October 10th. Finally, Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $17.50.

Smith Douglas Homes Price Performance

Shares of Smith Douglas Homes stock opened at $17.91 on Wednesday. The company’s 50 day moving average price is $18.16 and its two-hundred day moving average price is $18.91. The firm has a market capitalization of $921.21 million, a P/E ratio of 11.26, a P/E/G ratio of 11.76 and a beta of 0.96. Smith Douglas Homes Corp. has a fifty-two week low of $15.00 and a fifty-two week high of $37.90.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.38). The business had revenue of $223.92 million for the quarter, compared to the consensus estimate of $216.01 million. Smith Douglas Homes had a net margin of 1.43% and a return on equity of 1.74%. On average, analysts expect that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

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.