Smith Douglas Homes Corp. (NYSE:SDHC) Stock Holdings Trimmed by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. decreased its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 41.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 108,914 shares of the company’s stock after selling 77,320 shares during the quarter. Basswood Capital Management L.L.C. owned 0.21% of Smith Douglas Homes worth $4,115,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SDHC. Azzad Asset Management Inc. ADV grew its position in Smith Douglas Homes by 3.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,579 shares of the company’s stock valued at $437,000 after buying an additional 349 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Smith Douglas Homes in the 3rd quarter worth approximately $34,000. Quantbot Technologies LP boosted its holdings in shares of Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after acquiring an additional 2,738 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Smith Douglas Homes by 68.6% in the third quarter. US Bancorp DE now owns 9,896 shares of the company’s stock valued at $374,000 after acquiring an additional 4,027 shares in the last quarter. Finally, RiverPark Advisors LLC acquired a new position in shares of Smith Douglas Homes during the second quarter valued at approximately $120,000.

Insider Transactions at Smith Douglas Homes

In other Smith Douglas Homes news, Director Jeffrey T. Jackson bought 8,605 shares of Smith Douglas Homes stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $29.77 per share, for a total transaction of $256,170.85. Following the completion of the acquisition, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $468,817.96. This trade represents a 120.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Smith Douglas Homes Price Performance

Shares of SDHC opened at $33.70 on Monday. Smith Douglas Homes Corp. has a 1-year low of $20.55 and a 1-year high of $39.50. The business’s 50-day moving average price is $34.70 and its 200 day moving average price is $31.22.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SDHC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of Smith Douglas Homes in a report on Tuesday, November 12th. JPMorgan Chase & Co. downgraded shares of Smith Douglas Homes from an “overweight” rating to a “neutral” rating and cut their price target for the company from $41.00 to $36.00 in a report on Monday, November 25th. Wells Fargo & Company lifted their price objective on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Bank of America increased their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Smith Douglas Homes has an average rating of “Hold” and a consensus target price of $32.40.

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.