Smith Douglas Homes Corp. (NYSE:SDHC) Given Consensus Rating of “Hold” by Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has received an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $27.10.

Separately, Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $21.00) on shares of Smith Douglas Homes in a research note on Tuesday, May 14th.

Smith Douglas Homes Stock Down 4.3 %

Shares of SDHC stock opened at $30.85 on Monday. Smith Douglas Homes has a 52-week low of $20.55 and a 52-week high of $34.20. The firm’s 50 day moving average price is $25.57 and its two-hundred day moving average price is $27.32.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $189.21 million during the quarter, compared to the consensus estimate of $187.43 million. As a group, sell-side analysts expect that Smith Douglas Homes will post 1.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several hedge funds have recently bought and sold shares of SDHC. SYSTM Wealth Solutions LLC acquired a new stake in Smith Douglas Homes in the first quarter worth $76,000. RiverPark Advisors LLC acquired a new stake in Smith Douglas Homes in the second quarter worth $120,000. Sandia Investment Management LP acquired a new stake in Smith Douglas Homes in the first quarter worth $178,000. Azzad Asset Management Inc. ADV acquired a new stake in Smith Douglas Homes in the first quarter worth $331,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Smith Douglas Homes in the first quarter worth $565,000.

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.