Smith Douglas Homes Corp. (NYSE:SDHC) Shares Sold by Lincoln Capital Corp

Lincoln Capital Corp decreased its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,057 shares of the company’s stock after selling 435 shares during the quarter. Lincoln Capital Corp owned approximately 0.08% of Smith Douglas Homes worth $1,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SDHC. Renaissance Technologies LLC boosted its holdings in Smith Douglas Homes by 260.2% in the second quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock valued at $783,000 after purchasing an additional 24,200 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Smith Douglas Homes by 39.4% in the second quarter. Sei Investments Co. now owns 47,629 shares of the company’s stock valued at $1,114,000 after acquiring an additional 13,451 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Smith Douglas Homes by 17.0% in the 2nd quarter. Marshall Wace LLP now owns 89,770 shares of the company’s stock worth $2,099,000 after purchasing an additional 13,036 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of Smith Douglas Homes by 38.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 26,226 shares of the company’s stock worth $613,000 after purchasing an additional 7,217 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its position in shares of 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 acquiring an additional 349 shares in the last quarter.

Insider Buying and Selling at Smith Douglas Homes

In other news, Director Jeffrey T. Jackson bought 8,605 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of $29.77 per share, for a total transaction of $256,170.85. Following the completion of the acquisition, the director now owns 15,748 shares in the company, valued at approximately $468,817.96. This trade represents a 120.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wedbush restated a “neutral” rating and set a $20.00 price target on shares of Smith Douglas Homes in a report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Finally, Wells Fargo & Company cut their price target on Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.00.

Smith Douglas Homes Stock Down 1.6 %

SDHC stock opened at $24.39 on Friday. Smith Douglas Homes Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $39.50. The stock’s 50 day simple moving average is $28.82 and its 200 day simple moving average is $32.01.

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.