Smith Douglas Homes Corp. (NYSE:SDHC) Stock Has Consensus Target Price of $13.90 According to Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report) have earned an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.62.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th.

Read Our Latest Analysis on SDHC

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SDHC. Conifer Management L.L.C. purchased a new stake in shares of Smith Douglas Homes in the 2nd quarter valued at approximately $22,274,259. Squarepoint Ops LLC increased its holdings in Smith Douglas Homes by 37.1% in the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock valued at $494,000 after buying an additional 8,606 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Smith Douglas Homes in the first quarter valued at $324,000. Ruane Cunniff & Goldfarb L.P. lifted its holdings in Smith Douglas Homes by 18.7% during the 1st 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 during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Smith Douglas Homes during the 1st quarter worth about $168,000.

Smith Douglas Homes Stock Down 3.1%

Shares of SDHC stock opened at $9.84 on Thursday. The firm has a 50 day moving average of $11.66 and a two-hundred day moving average of $13.01. The stock has a market capitalization of $500.15 million, a PE ratio of 13.67 and a beta of 0.90. Smith Douglas Homes has a 52 week low of $9.73 and a 52 week high of $23.49.

Smith Douglas Homes (NYSE:SDHC – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share 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 company had revenue of $273.03 million for the quarter, compared to analysts’ expectations of $258.10 million. Analysts expect that Smith Douglas Homes will post 0.25 EPS for the current fiscal year.

About Smith Douglas Homes

(Get Free Report)

Smith Douglas Homes Corp. is a residential homebuilder that designs, constructs and sells single-family homes in selected markets across the southeastern and southern United States. The company focuses primarily on building attainable homes for first-time and move-up buyers.

Its homes are offered in a range of floor plans and configurations, with options intended to address varying household sizes, lifestyles and budgets. In addition to constructing homes, Smith Douglas Homes typically acquires and develops residential lots, manages the homebuilding process and provides customer service to homebuyers.

Founded in 2008, the company has expanded its operations across several markets, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.

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Analyst Recommendations for Smith Douglas Homes (NYSE:SDHC)

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