Smith Douglas Homes Corp. (NYSE:SDHC) Receives Consensus Rating of “Reduce” from Analysts

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

A number of research firms recently weighed in on SDHC. Zelman & Associates began coverage on shares of Smith Douglas Homes in a research note on Monday, April 6th. They set a “neutral” rating and a $13.50 target price on the stock. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th.

Institutional Trading of Smith Douglas Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDHC. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes in the 2nd quarter worth approximately $34,000. Tower Research Capital LLC TRC purchased a new stake in Smith Douglas Homes during the 2nd quarter valued at approximately $90,000. Hsbc Holdings PLC bought a new stake in shares of Smith Douglas Homes during the first quarter valued at approximately $168,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Smith Douglas Homes during the fourth quarter valued at approximately $182,000. Finally, Ruane Cunniff & Goldfarb L.P. lifted its holdings in shares of Smith Douglas Homes by 18.7% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock worth $185,000 after buying an additional 2,281 shares in the last quarter.

Smith Douglas Homes Price Performance

Shares of NYSE:SDHC opened at $15.31 on Friday. Smith Douglas Homes has a 1-year low of $10.72 and a 1-year high of $23.49. The company has a market capitalization of $777.44 million, a P/E ratio of 16.12 and a beta of 0.87. The firm’s 50 day simple moving average is $13.88 and its two-hundred day simple moving average is $14.95.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $206.44 million during 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%. On average, sell-side analysts anticipate that Smith Douglas Homes will post 0.48 earnings per share for the current fiscal year.

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.