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

Conifer Management L.L.C. acquired a new position in Smith Douglas Homes Corp. (NYSE:SDHC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,433,350 shares of the company’s stock, valued at approximately $22,274,259,000. Smith Douglas Homes makes up about 3.7% of Conifer Management L.L.C.’s investment portfolio, making the stock its 6th biggest position. Conifer Management L.L.C. owned about 2.82% of Smith Douglas Homes as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in Smith Douglas Homes by 2.7% during the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock valued at $710,000 after buying an additional 1,100 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Smith Douglas Homes by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock worth $1,752,000 after acquiring an additional 1,406 shares in the last quarter. First Trust Advisors LP boosted its holdings in Smith Douglas Homes by 5.8% in the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after acquiring an additional 1,583 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Smith Douglas Homes during the second quarter worth about $34,000. Finally, Ruane Cunniff & Goldfarb L.P. increased its holdings in shares of Smith Douglas Homes by 18.7% during the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after acquiring an additional 2,281 shares in the last quarter.

Smith Douglas Homes Stock Up 0.3%

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

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $273.03 million for the quarter, compared to analyst estimates of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. As a group, research analysts expect that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.