Smith Douglas Homes Corp. (NYSE:SDHC) Receives $13.90 Consensus PT from Brokerages

Smith Douglas Homes Corp. (NYSE:SDHCGet Free Report) has received a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.90.

SDHC has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. Zelman & Associates began coverage on Smith Douglas Homes in a research report on Monday, April 6th. They set a “neutral” rating and a $13.50 price objective for the company. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th.

Check Out Our Latest Research Report on Smith Douglas Homes

Institutional Trading of Smith Douglas Homes

A number of large investors have recently added to or reduced their stakes in SDHC. Conifer Management L.L.C. boosted its position 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 valued at $24,037,000 after acquiring an additional 581,794 shares during the last quarter. Wasatch Advisors LP increased its position in Smith Douglas Homes by 6.2% in the fourth quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock worth $20,960,000 after purchasing an additional 72,525 shares during the last quarter. First Eagle Investment Management LLC increased its position in Smith Douglas Homes by 14.2% in the fourth quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock worth $6,352,000 after purchasing an additional 47,100 shares during the last quarter. Marshall Wace LLP purchased a new stake in Smith Douglas Homes during the second quarter valued at $644,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Smith Douglas Homes during the first quarter valued at $324,000.

Smith Douglas Homes Price Performance

Smith Douglas Homes stock opened at $14.97 on Friday. The stock has a market cap of $760.18 million, a P/E ratio of 15.76 and a beta of 0.87. Smith Douglas Homes has a 1 year low of $10.72 and a 1 year high of $23.49. The firm’s 50 day moving average price is $13.95 and its 200-day moving average price is $14.91.

Smith Douglas Homes (NYSE:SDHCGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. The firm had revenue of $206.44 million for the quarter, compared to the consensus estimate of $200.70 million. As a group, equities analysts expect that Smith Douglas Homes will post 0.48 EPS for the current year.

About Smith Douglas Homes

(Get Free Report)

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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Analyst Recommendations for Smith Douglas Homes (NYSE:SDHC)

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