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

Smith Douglas Homes Corp. (NYSE:SDHC) has received an average rating of “Reduce” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $14.80.

Several brokerages have recently weighed in on SDHC. Wells Fargo & Company cut their target price on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. BTIG Research initiated coverage on Smith Douglas Homes in a report on Monday, December 1st. They issued a “neutral” rating for the company. UBS Group reiterated a “positive” rating on shares of Smith Douglas Homes in a research note on Monday, December 1st. JPMorgan Chase & Co. cut their price objective on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, January 22nd.

Smith Douglas Homes Price Performance

NYSE:SDHC opened at $11.97 on Friday. Smith Douglas Homes has a 12 month low of $11.13 and a 12 month high of $23.50. The firm has a market capitalization of $616.30 million, a PE ratio of 10.06 and a beta of 1.04. The business’s fifty day moving average price is $16.11 and its 200 day moving average price is $17.49.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The business had revenue of $260.43 million for the quarter, compared to analysts’ expectations of $251.09 million. Smith Douglas Homes had a negative return on equity of 1.03% and a net margin of 1.10%. As a group, equities analysts anticipate that Smith Douglas Homes will post 1.73 EPS for the current year.

Insider Buying and Selling

In related news, Director George Ervin Perdue III purchased 20,300 shares of Smith Douglas Homes stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $12.27 per share, with a total value of $249,081.00. Following the completion of the transaction, the director directly owned 60,684 shares in the company, valued at approximately $744,592.68. The trade was a 50.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have acquired 22,000 shares of company stock worth $268,607. 82.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Smith Douglas Homes

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

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.