Wedbush Reiterates Neutral Rating for Smith Douglas Homes (NYSE:SDHC)

Wedbush reaffirmed their neutral rating on shares of Smith Douglas Homes (NYSE:SDHC) in a research report sent to investors on Wednesday,RTT News reports. The brokerage currently has a $18.00 price objective on the stock.

SDHC has been the topic of a number of other reports. Wells Fargo & Company cut their price target on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Bank of America downgraded shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and cut their price target for the company from $33.00 to $22.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.20.

Smith Douglas Homes Stock Performance

SDHC opened at $20.25 on Wednesday. The firm’s 50-day simple moving average is $19.48 and its 200-day simple moving average is $24.78. Smith Douglas Homes has a twelve month low of $17.03 and a twelve month high of $39.50. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 6.87 and a beta of 1.28.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The company had revenue of $287.49 million for the quarter, compared to the consensus estimate of $265.85 million. As a group, sell-side analysts anticipate that Smith Douglas Homes will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI bought a new position in Smith Douglas Homes in the fourth quarter valued at about $27,000. Trexquant Investment LP bought a new position in Smith Douglas Homes in the fourth quarter valued at about $218,000. Yorktown Management & Research Co Inc bought a new stake in shares of Smith Douglas Homes during the fourth quarter worth about $236,000. M&T Bank Corp grew its holdings in shares of Smith Douglas Homes by 8.4% during the first quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock worth $215,000 after purchasing an additional 848 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Smith Douglas Homes during the fourth quarter worth about $328,000.

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.