Smith Douglas Homes (NYSE:SDHC) Shares Up 9.7% – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price traded up 9.7% during trading on Friday . The company traded as high as $12.60 and last traded at $12.50. 160,402 shares changed hands during trading, an increase of 81% from the average session volume of 88,791 shares. The stock had previously closed at $11.39.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SDHC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Thursday, January 22nd. BTIG Research assumed coverage on shares of Smith Douglas Homes in a research report on Monday, December 1st. They set a “neutral” rating for the company. Wells Fargo & Company cut their target price on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group restated a “positive” rating on shares of Smith Douglas Homes in a report on Monday, December 1st. 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. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $15.80.

Smith Douglas Homes Trading Up 12.4%

The stock has a market cap of $658.56 million, a P/E ratio of 10.76 and a beta of 1.04. The company has a 50-day moving average price of $17.60 and a two-hundred day moving average price of $18.07.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The company had revenue of $260.43 million for the quarter, compared to the consensus estimate of $251.09 million. Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.05%. As a group, equities analysts forecast that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SDHC. First Eagle Investment Management LLC increased its stake in shares of Smith Douglas Homes by 38.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock worth $5,857,000 after acquiring an additional 91,292 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Smith Douglas Homes by 13.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 37,859 shares of the company’s stock valued at $635,000 after purchasing an additional 4,608 shares during the period. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes during the 2nd quarter worth about $34,000. Tower Research Capital LLC TRC acquired a new stake in shares of Smith Douglas Homes during the second quarter worth about $90,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Smith Douglas Homes in the 4th quarter valued at approximately $182,000.

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.