Conifer Management L.L.C. Invests $22.27 Billion in Smith Douglas Homes Corp. $SDHC

Conifer Management L.L.C. bought a new position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,433,350 shares of the company’s stock, valued at approximately $22,274,259,000. Smith Douglas Homes accounts for approximately 3.7% of Conifer Management L.L.C.’s portfolio, making the stock its 6th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its holdings in Smith Douglas Homes by 14.2% in the fourth quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock valued at $6,352,000 after acquiring an additional 47,100 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Smith Douglas Homes by 13.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 37,859 shares of the company’s stock worth $635,000 after purchasing an additional 4,608 shares during the period. Quent Capital LLC acquired a new stake in shares of Smith Douglas Homes during the 4th quarter worth approximately $386,000. First Trust Advisors LP increased its holdings in shares of 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 purchasing an additional 1,583 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Smith Douglas Homes by 19.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 26,664 shares of the company’s stock valued at $447,000 after purchasing an additional 4,377 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SDHC shares. 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. Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Smith Douglas Homes presently has a consensus rating of “Reduce” and a consensus price target of $13.90.

Smith Douglas Homes Stock Up 0.3%

Shares of NYSE SDHC opened at $12.45 on Tuesday. The company’s 50-day simple moving average is $14.59 and its 200-day simple moving average is $14.17. Smith Douglas Homes Corp. has a 52-week low of $10.72 and a 52-week high of $23.49. The firm has a market cap of $632.81 million, a price-to-earnings ratio of 17.29 and a beta of 0.88.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $273.03 million for the quarter, compared to analysts’ expectations of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. Equities research analysts anticipate that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal 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. was founded in 2008 and is headquartered in Woodstock, Georgia.