Smith Douglas Homes Corp. (NYSE:SDHC) Stock Has Average Price Target of $11.38 According to Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given an average recommendation of “Hold” by the nine analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $11.38.

SDHC has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, October 15th. Royal Bank Of Canada reduced their target price on shares of Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Finally, Wells Fargo & Company lowered their target price on shares of Smith Douglas Homes from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th.

Smith Douglas Homes Trading Down 4.7%

Shares of SDHC stock opened at $9.72 on Monday. The business’s 50 day moving average is $10.49 and its two-hundred day moving average is $13.53. Smith Douglas Homes has a twelve month low of $9.61 and a twelve month high of $23.49.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.09 by $0.20. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. The business had revenue of $262.51 million during the quarter, compared to analysts’ expectations of $283.13 million. On average, research analysts predict that Smith Douglas Homes will post 0.25 earnings per share for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of hedge funds have recently added to or reduced their stakes in the company. Integrity Alliance LLC. purchased a new position in shares of Smith Douglas Homes during the 3rd quarter worth approximately $158,000. Squarepoint Ops LLC boosted its stake in shares of 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 in the last quarter. Conifer Management L.L.C. purchased a new stake in shares of Smith Douglas Homes in the second quarter valued at approximately $22,274,259. Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of Smith Douglas Homes by 18.7% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after buying an additional 2,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Smith Douglas Homes during the first quarter worth $324,000.

About Smith Douglas Homes

Smith Douglas Homes, Inc is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company serves a range of buyers, including first-time purchasers, move-up buyers and others seeking newly built homes in planned communities.

Its business activities include acquiring and developing residential land, planning communities, building homes and providing customers with selections of floor plans, finishes and other design options. Smith Douglas Homes generally offers homes at accessible price points across a variety of suburban and exurban settings.

Founded in 2008, the company operates in markets across the southeastern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Kentucky.