9,105 Shares in Smith Douglas Homes Corp. (NYSE:SDHC) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Smith Douglas Homes Corp. (NYSE:SDHC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,105 shares of the company’s stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Federated Hermes Inc. increased its stake in shares of Smith Douglas Homes by 5.5% in the second quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock valued at $12,328,000 after buying an additional 27,300 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Smith Douglas Homes by 1.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 450,193 shares of the company’s stock worth $10,526,000 after acquiring an additional 8,193 shares during the last quarter. Wasatch Advisors LP acquired a new position in Smith Douglas Homes in the 3rd quarter valued at approximately $8,104,000. Thornburg Investment Management Inc. bought a new position in shares of Smith Douglas Homes during the second quarter valued at $4,975,000. Finally, Marshall Wace LLP lifted its holdings in shares of Smith Douglas Homes by 17.0% during the second 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 period.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Bank of America increased their price objective on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. decreased their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company raised their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.20.

Smith Douglas Homes Stock Performance

Shares of Smith Douglas Homes stock opened at $31.92 on Tuesday. The stock’s 50-day moving average is $34.00 and its 200 day moving average is $31.66. Smith Douglas Homes Corp. has a one year low of $20.55 and a one year high of $39.50.

Insiders Place Their Bets

In related news, Director Jeffrey T. Jackson acquired 8,605 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of $29.77 per share, with a total value of $256,170.85. Following the transaction, the director now directly owns 15,748 shares of the company’s stock, valued at $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 the SEC website.

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.