Smith Douglas Homes (NYSE:SDHC) Trading 5.9% Higher – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC) shares shot up 5.9% during trading on Friday . The stock traded as high as $16.13 and last traded at $16.13. Approximately 22,577 shares changed hands during trading, a decline of 79% from the average session volume of 108,103 shares. The stock had previously closed at $15.23.

Analyst Upgrades and Downgrades

SDHC has been the topic of a number of recent research reports. Zelman & Associates initiated coverage on shares of Smith Douglas Homes in a research note on Monday, April 6th. They set a “neutral” rating and a $13.50 price objective on the stock. JPMorgan Chase & Co. lowered their target price 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Tuesday, April 21st. Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Citizens Jmp assumed coverage on Smith Douglas Homes in a research note on Tuesday, March 24th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $13.90.

Smith Douglas Homes Price Performance

The company’s fifty day moving average is $13.34 and its 200-day moving average is $15.11. The stock has a market cap of $791.66 million, a PE ratio of 16.41 and a beta of 0.87.

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

Institutional Trading of Smith Douglas Homes

A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Smith Douglas Homes during the second quarter worth about $34,000. Tower Research Capital LLC TRC acquired a new position in Smith Douglas Homes in the second quarter valued at approximately $90,000. Price T Rowe Associates Inc. MD purchased a new stake in Smith Douglas Homes in the 4th quarter worth approximately $182,000. VARCOV Co. purchased a new stake in Smith Douglas Homes in the 4th quarter worth approximately $200,000. Finally, Hsbc Holdings PLC purchased a new stake in Smith Douglas Homes in the 1st quarter worth approximately $168,000.

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