Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $10.67 and last traded at $10.75, with a volume of 17023 shares traded. The stock had previously closed at $11.21.
Analysts Set New Price Targets
A number of research firms recently weighed in on SDHC. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. Finally, Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $13.90.
View Our Latest Report on SDHC
Smith Douglas Homes Stock Performance
Smith Douglas Homes (NYSE:SDHC – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%.The firm had revenue of $273.03 million for the quarter, compared to analyst estimates of $258.10 million. As a group, analysts predict that Smith Douglas Homes Corp. will post 0.25 EPS for the current year.
Institutional Trading of Smith Douglas Homes
Several hedge funds have recently modified their holdings of SDHC. Raymond James Financial Inc. acquired a new position in shares of Smith Douglas Homes in the 2nd quarter worth approximately $34,000. Tower Research Capital LLC TRC bought a new position in Smith Douglas Homes in the 2nd quarter valued at $90,000. Price T Rowe Associates Inc. MD bought a new position in Smith Douglas Homes in the 4th quarter valued at $182,000. VARCOV Co. acquired a new position in Smith Douglas Homes in the fourth quarter worth $200,000. Finally, Hsbc Holdings PLC acquired a new position in Smith Douglas Homes in the first quarter worth $168,000.
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. was founded in 2008 and is headquartered in Woodstock, Georgia.
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