Smith Douglas Homes Corp. (NYSE:SDHC) Receives $13.90 Average PT from Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned a consensus recommendation of “Reduce” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven 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 issued ratings on the stock in the last year is $13.90.

Several equities research analysts have recently weighed in on SDHC shares. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th.

Smith Douglas Homes Stock Performance

Smith Douglas Homes stock opened at $12.60 on Wednesday. Smith Douglas Homes has a fifty-two week low of $10.72 and a fifty-two week high of $23.49. The company has a market capitalization of $640.46 million, a P/E ratio of 17.50 and a beta of 0.88. The stock has a 50-day simple moving average of $14.57 and a 200-day simple moving average of $14.12.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $273.03 million for the quarter, compared to analysts’ expectations of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. As a group, analysts forecast that Smith Douglas Homes will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Conifer Management L.L.C. acquired a new position in shares of Smith Douglas Homes during the second quarter worth about $22,274,259,000. Wasatch Advisors LP lifted its position in Smith Douglas Homes by 4.4% in the second quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock valued at $24,845,000 after purchasing an additional 53,358 shares during the period. Wellington Management Group LLP boosted its holdings in Smith Douglas Homes by 2.2% in the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock valued at $19,738,000 after purchasing an additional 24,996 shares in the last quarter. Beck Mack & Oliver LLC boosted its holdings in Smith Douglas Homes by 0.4% in the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock valued at $13,692,000 after purchasing an additional 3,605 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Smith Douglas Homes by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock worth $7,965,000 after purchasing an additional 3,884 shares during the period.

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.