Smith Douglas Homes (NYSE:SDHC) Sets New 12-Month Low – Should You Sell?

Smith Douglas Homes Corp. (NYSE:SDHC)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $9.98 and last traded at $9.98, with a volume of 36520 shares trading hands. The stock had previously closed at $10.25.

Analyst Upgrades and Downgrades

SDHC has been the subject of several research analyst reports. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $13.90.

Smith Douglas Homes Trading Down 3.1%

The firm has a market cap of $504.72 million, a price-to-earnings ratio of 13.79 and a beta of 0.83. The stock has a 50-day moving average of $13.35 and a 200-day moving average of $13.37.

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

Institutional Investors Weigh In On Smith Douglas Homes

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ruane Cunniff & Goldfarb L.P. raised its position 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 purchasing an additional 2,281 shares during the period. Squarepoint Ops LLC grew its stake in Smith Douglas Homes by 37.1% in the 2nd 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 during the last quarter. Hsbc Holdings PLC acquired a new position in Smith Douglas Homes in the 1st quarter valued at $168,000. Dimensional Fund Advisors LP bought a new position in Smith Douglas Homes in the 1st quarter worth $324,000. Finally, Conifer Management L.L.C. raised its holdings in Smith Douglas Homes by 68.3% in the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock worth $24,037,000 after acquiring an additional 581,794 shares during the period.

Smith Douglas Homes Company Profile

Smith Douglas Homes (NYSE: SDHC) is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company focuses on offering attainable, entry-level housing, with floor plans and community features intended to meet the needs of first-time and value-oriented homebuyers.

The company develops homes in planned communities and offers a range of single-family designs, typically with options that allow buyers to customize selected features and finishes. Its activities generally include land acquisition and development, home construction, marketing, sales and customer service.

Founded in 2008 and headquartered in Atlanta, Georgia, Smith Douglas Homes serves housing markets in the southeastern and southern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.