Smith Douglas Homes Corp. (NYSE:SDHC) Receives Consensus Recommendation of “Reduce” from Analysts

Smith Douglas Homes Corp. (NYSE:SDHC) has received an average recommendation of “Reduce” from the nine analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.60.

SDHC has been the topic of a number of recent research reports. Wall Street Zen cut Smith Douglas Homes from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. BTIG Research initiated coverage on Smith Douglas Homes in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, January 22nd. Royal Bank Of Canada dropped their price objective on Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Finally, Zacks Research downgraded shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th.

Hedge Funds Weigh In On Smith Douglas Homes

Several hedge funds and other institutional investors have recently modified their holdings of SDHC. State Street Corp grew its stake in shares of Smith Douglas Homes by 2.7% in the fourth quarter. State Street Corp now owns 42,312 shares of the company’s stock worth $710,000 after purchasing an additional 1,100 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Smith Douglas Homes by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock worth $1,752,000 after buying an additional 1,406 shares during the period. First Trust Advisors LP lifted its holdings in Smith Douglas Homes by 5.8% in the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after buying an additional 1,583 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Smith Douglas Homes in the 2nd quarter worth approximately $34,000. Finally, Beck Mack & Oliver LLC increased its stake in shares of Smith Douglas Homes by 0.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock valued at $13,692,000 after buying an additional 3,605 shares during the period.

Smith Douglas Homes Stock Performance

SDHC stock opened at $14.89 on Wednesday. The firm has a market cap of $766.09 million, a P/E ratio of 11.91 and a beta of 1.04. The firm’s fifty day moving average is $18.14 and its 200 day moving average is $18.38. Smith Douglas Homes has a 52 week low of $14.50 and a 52 week high of $23.50.

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.