Smith Douglas Homes (SDHC)
Builds value-oriented new homes for entry-level and empty-nest buyers across the Southeastern and Southern United States.
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Builds value-oriented new homes for entry-level and empty-nest buyers through a land-light, option-based approach to lot control. The public holding company manages Smith Douglas Holdings LLC, the operating business that conducts homebuilding operations.
Builds value-oriented new homes for entry-level and empty-nest buyers across the Southeastern and Southern United States. A land-light, option-based approach to lot control underpins the operating model.
Entered Texas by acquiring the assets of Houston-based Devon Street Homes, and later recorded expansions to Chattanooga, Gulf Shores, and Dallas–Fort Worth. The company links its disciplined operating philosophy and SMART Builder ERP system to the earlier work of founder Tom Bradbury and CEO Gregory S. Bennett at Colony Homes.
Founded in Atlanta in 2008, the operating business predates the Delaware public holding company formed in 2023 for the IPO. Smith Douglas Homes Corp. is the sole managing member of Smith Douglas Holdings LLC, which conducts the homebuilding operations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Mar 12, 2026 | Wells Fargo | Reiterate | Rating: —Target: — | Target: $14 |
| Nov 25, 2024 | JP Morgan | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $14.2M · Total debt $68.7M · Total assets $592.1M · Shareholders' equity $79.5M
- Revenue
- $273.0M
- Operating income
- $6.0M
- Net income
- $246.0K
No dividends on record.
| Institutions | 13.85% | 7.04M shares | |
|---|---|---|---|
| 63 holders · as of Jun 30, 2026 | |||
| Insiders | 1.73% | 876.8K shares | |
| 10 holders · as of Sep 14, 2026 | |||
| Other | 84.42% | 42.91M shares | |
| remainder | |||
50.83M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (50.83M in the company's Sep 22, 2026 report, 8.35M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Conifer Management, L.L.C.Institution | 2.82% | 1.43M A | as of Jun 30, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 1.92% | 974,282 A | as of Jun 30, 2026 |
Beck Mack & Oliver LLCInstitution | 1.64% | 835,065 A | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 1.22% | 622,625 A | as of Jun 30, 2026 |
Wasatch Advisors LPInstitution | 1.05% | 531,223 A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Thomas L. Bradbury | director, 10 percent owner: | +19,360 | $10.31 |
| Sep 2, 2026 | Gregory S. Bennett | director, officer: See Remarks | +1,000 | $11.50 |
| Sep 1, 2026 | Gregory S. Bennett | director, officer: See Remarks | +1,000 | $12.20 |
| Aug 25, 2026 | Russell Devendorf | officer: See Remarks | +1,000 | $12.34 |
| Aug 20, 2026 | Russell Devendorf | officer: See Remarks | +1,000 | $12.68 |
- D.R. Horton
Entry-level homes across SDHC's Southeast and Texas footprint
- Meritage Homes
Entry-level and first move-up homes in the Southeast and Texas
- LGI Homes
First-time homebuilding in Houston and Southeastern markets
- PulteGroup
First-time, move-up, and active-adult homes in shared states
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Smith Douglas Homes | $10.35 | +0.05% | $82.6M | 13.8 | 36.4 | 0.1 | +21.9% |
| D.R. Horton | $144.11 | 0.00% | $38.95B | 13.3 | 12.9 | 1.2 | +0.0% |
| Meritage Homes | $66.40 | +0.02% | $4.29B | 13.5 | 12.3 | 0.8 | −14.3% |
| LGI Homes | $52.21 | +0.01% | $1.16B | 17.5 | 15.8 | 0.7 | +6.7% |
| PulteGroup | $122.29 | −0.02% | $22.96B | 12.2 | 11.5 | 1.4 | −9.6% |
| Median | 13.4 | 12.6 | 1.0 | −4.8% |