Smith Douglas Homes (NYSE:SDHC) Receives Neutral Rating from JPMorgan Chase & Co.

Smith Douglas Homes (NYSE:SDHC)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Friday,Benzinga reports. They presently have a $17.00 price target on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 3.31% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada decreased their price target on shares of Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Wall Street Zen lowered shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Zacks Research cut Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Bank of America decreased their price target on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating for the company in a research note on Friday, October 10th. Finally, Wells Fargo & Company dropped their price target on shares of Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $16.60.

Smith Douglas Homes Trading Up 0.7%

Shares of Smith Douglas Homes stock opened at $16.46 on Friday. The company has a market cap of $846.61 million, a P/E ratio of 13.16, a PEG ratio of 10.98 and a beta of 0.96. The company’s fifty day simple moving average is $17.32 and its two-hundred day simple moving average is $18.68. Smith Douglas Homes has a 12-month low of $15.00 and a 12-month high of $34.48.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. The business had revenue of $262.04 million for the quarter, compared to the consensus estimate of $251.41 million. Analysts predict that Smith Douglas Homes will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Smith Douglas Homes during the second quarter worth approximately $34,000. Tower Research Capital LLC TRC purchased a new position in shares of Smith Douglas Homes during the second quarter valued at approximately $90,000. GSA Capital Partners LLP purchased a new position in shares of Smith Douglas Homes in the 3rd quarter worth about $188,000. AlphaQuest LLC purchased a new position in Smith Douglas Homes during the 3rd quarter valued at about $195,000. Finally, Inspire Advisors LLC bought a new position in shares of Smith Douglas Homes in the third quarter worth approximately $214,000.

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.