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

Wedbush restated their neutral rating on shares of Smith Douglas Homes (NYSE:SDHC) in a report issued on Wednesday morning,RTT News reports. They currently have a $18.00 price objective on the stock.

SDHC has been the topic of several other research reports. Bank of America downgraded shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $33.00 to $22.00 in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes presently has an average rating of “Hold” and a consensus price target of $24.20.

Smith Douglas Homes Stock Down 2.5%

Shares of Smith Douglas Homes stock opened at $20.25 on Wednesday. The company’s 50-day simple moving average is $19.48 and its 200-day simple moving average is $24.78. Smith Douglas Homes has a 52-week low of $17.03 and a 52-week high of $39.50. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 6.87 and a beta of 1.28.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $287.49 million for the quarter, compared to analyst estimates of $265.85 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. Equities research analysts anticipate that Smith Douglas Homes will post 1.73 EPS for the current year.

Institutional Trading of Smith Douglas Homes

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Smith Douglas Homes by 1,551.9% in the third quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company’s stock worth $806,000 after buying an additional 20,051 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Smith Douglas Homes in the fourth quarter worth $27,000. Artisan Partners Limited Partnership lifted its stake in shares of Smith Douglas Homes by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock worth $20,847,000 after buying an additional 35,702 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Smith Douglas Homes during the 4th quarter valued at $328,000. Finally, Renaissance Technologies LLC raised its stake in Smith Douglas Homes by 31.9% during the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company’s stock valued at $2,543,000 after purchasing an additional 24,000 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.