Smith Douglas Homes’ (SDHC) Neutral Rating Reaffirmed at Wedbush

Wedbush reaffirmed their neutral rating on shares of Smith Douglas Homes (NYSE:SDHC) in a research note published on Tuesday,RTT News reports. Wedbush currently has a $20.00 target price on the stock. Wedbush also issued estimates for Smith Douglas Homes’ Q4 2024 earnings at $0.45 EPS, FY2024 earnings at $1.72 EPS, Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $1.88 EPS, Q1 2026 earnings at $0.36 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.04 EPS.

Several other research firms also recently weighed in on SDHC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a report on Thursday, August 15th. Bank of America increased their price objective on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company boosted their target price on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Smith Douglas Homes currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Smith Douglas Homes Stock Performance

Smith Douglas Homes stock opened at $30.52 on Tuesday. The firm’s 50-day moving average is $35.52 and its 200-day moving average is $31.00. Smith Douglas Homes has a 1 year low of $20.55 and a 1 year high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analyst estimates of $208.02 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities research analysts forecast that Smith Douglas Homes will post 1.71 earnings per share for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in Smith Douglas Homes in the third quarter valued at about $34,000. RiverPark Advisors LLC bought a new stake in shares of Smith Douglas Homes in the 2nd quarter valued at approximately $120,000. Quantbot Technologies LP increased its holdings in Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after buying an additional 2,738 shares during the last quarter. Sandia Investment Management LP bought a new position in Smith Douglas Homes during the first quarter valued at approximately $178,000. Finally, Atria Investments Inc acquired a new stake in Smith Douglas Homes in the third quarter valued at approximately $204,000.

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.