Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report) traded up 3.6% during trading on Thursday . The company traded as high as $10.70 and last traded at $10.70. Approximately 5,485 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 93,188 shares. The stock had previously closed at $10.33.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of 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 given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $13.90.
Get Our Latest Analysis on Smith Douglas Homes
Smith Douglas Homes Stock Performance
Smith Douglas Homes (NYSE:SDHC – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. On average, research analysts predict that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current fiscal year.
Institutional Trading of Smith Douglas Homes
Institutional investors have recently modified their holdings of the stock. Conifer Management L.L.C. lifted its holdings in shares of Smith Douglas Homes by 68.3% during the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock worth $24,037,000 after acquiring an additional 581,794 shares during the period. Wasatch Advisors LP grew its position in Smith Douglas Homes by 4.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after acquiring an additional 53,358 shares during the last quarter. Wellington Management Group LLP increased its holdings in Smith Douglas Homes by 2.2% in the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after purchasing an additional 24,996 shares in the last quarter. Beck Mack & Oliver LLC raised its position in Smith Douglas Homes by 0.4% in the fourth quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock valued at $13,692,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Smith Douglas Homes by 0.9% during the third quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after purchasing an additional 3,884 shares in the last quarter.
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.
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