Smith Douglas Homes (NYSE:SDHC – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46, Zacks reports. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%.
Smith Douglas Homes Stock Down 0.2 %
Shares of SDHC stock opened at $21.09 on Wednesday. The stock’s 50-day moving average is $23.33 and its 200 day moving average is $30.24. Smith Douglas Homes has a 1-year low of $19.52 and a 1-year high of $39.50.
Analysts Set New Price Targets
Several research analysts have recently weighed in on SDHC shares. Bank of America cut shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $33.00 to $22.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Wells Fargo & Company lowered their price target on Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.40.
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.
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