Smith Douglas Homes Corp. (NYSE:SDHC) Given Average Rating of “Reduce” by Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given a consensus rating of “Reduce” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.90.

A number of research firms recently commented on SDHC. JPMorgan Chase & Co. decreased their price target on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Wells Fargo & Company decreased their target price on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Finally, Zelman & Associates started coverage on Smith Douglas Homes in a report on Monday, April 6th. They issued a “neutral” rating and a $13.50 price target for the company.

Institutional Trading of Smith Douglas Homes

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Smith Douglas Homes in the 2nd quarter valued at about $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes during the 2nd quarter valued at about $90,000. Hsbc Holdings PLC acquired a new stake in Smith Douglas Homes during the first quarter worth about $168,000. Price T Rowe Associates Inc. MD acquired a new stake in Smith Douglas Homes during the fourth quarter worth about $182,000. Finally, Ruane Cunniff & Goldfarb L.P. lifted its holdings in 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 worth $185,000 after acquiring an additional 2,281 shares during the last quarter.

Smith Douglas Homes Trading Down 1.0%

NYSE SDHC traded down $0.16 during trading hours on Tuesday, reaching $15.36. 7,460 shares of the company traded hands, compared to its average volume of 108,974. The stock has a market capitalization of $779.98 million, a PE ratio of 16.17 and a beta of 0.87. Smith Douglas Homes has a 12 month low of $10.72 and a 12 month high of $23.50. The company has a 50 day moving average of $13.20 and a two-hundred day moving average of $15.21.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. On average, equities research analysts anticipate that Smith Douglas Homes will post 0.48 earnings per share for the current year.

Smith Douglas Homes Company Profile

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.