Norden Group LLC Lowers Holdings in Smith Douglas Homes Corp. (NYSE:SDHC)

Norden Group LLC decreased its holdings in Smith Douglas Homes Corp. (NYSE:SDHC) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,989 shares of the company’s stock after selling 544 shares during the period. Norden Group LLC’s holdings in Smith Douglas Homes were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SDHC. Arcadia Investment Management Corp MI bought a new position in shares of Smith Douglas Homes in the 4th quarter worth $27,000. Quantbot Technologies LP raised its holdings in Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after purchasing an additional 2,738 shares in the last quarter. Atria Investments Inc purchased a new stake in shares of Smith Douglas Homes during the third quarter valued at about $204,000. Yorktown Management & Research Co Inc bought a new stake in shares of Smith Douglas Homes in the 4th quarter valued at about $236,000. Finally, XTX Topco Ltd purchased a new position in shares of Smith Douglas Homes in the 3rd quarter worth approximately $246,000.

Smith Douglas Homes Trading Down 0.2 %

NYSE:SDHC opened at $20.90 on Wednesday. The firm has a fifty day simple moving average of $23.84 and a 200-day simple moving average of $30.76. Smith Douglas Homes Corp. has a 12 month low of $19.52 and a 12 month high of $39.50.

Analyst Ratings Changes

Several equities research analysts have weighed in on SDHC shares. Bank of America downgraded shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $33.00 to $22.00 in a research note on Monday, January 27th. Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their target price on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, Wells Fargo & Company decreased their price target on Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes has a consensus rating of “Hold” and an average price target of $25.40.

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.