Smith Douglas Homes Corp. (NYSE:SDHC) Given Average Recommendation of “Reduce” by Analysts

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average rating of “Reduce” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.90.

A number of equities research analysts recently commented on SDHC shares. Wells Fargo & Company lowered their price target on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Zelman & Associates assumed coverage on shares of Smith Douglas Homes in a report on Monday, April 6th. They issued a “neutral” rating and a $13.50 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Finally, Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th.

Smith Douglas Homes Trading Up 3.6%

NYSE:SDHC opened at $15.12 on Tuesday. The stock has a market capitalization of $767.79 million, a PE ratio of 15.92 and a beta of 1.13. The firm’s 50 day moving average is $13.08 and its 200 day moving average is $15.40. Smith Douglas Homes has a 12 month low of $10.72 and a 12 month high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $206.44 million for the quarter, compared to analysts’ expectations of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. Research analysts predict that Smith Douglas Homes will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. State Street Corp grew its stake in Smith Douglas Homes by 2.7% in the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock valued at $710,000 after buying an additional 1,100 shares in the last quarter. Geode Capital Management LLC grew its stake in Smith Douglas Homes by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock valued at $1,752,000 after buying an additional 1,406 shares in the last quarter. First Trust Advisors LP grew its stake in Smith Douglas Homes by 5.8% in the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock valued at $564,000 after buying an additional 1,583 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes in the 2nd quarter valued at approximately $34,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its stake in Smith Douglas Homes by 18.7% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after buying an additional 2,281 shares in the last quarter.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.