Smith Douglas Homes (NYSE:SDHC) Sets New 52-Week Low – Should You Sell?

Smith Douglas Homes Corp. (NYSE:SDHC)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.67 and last traded at $10.75, with a volume of 17023 shares changing hands. The stock had previously closed at $11.21.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SDHC shares. Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. Finally, 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. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $13.90.

Smith Douglas Homes Stock Performance

The company has a market capitalization of $546.42 million, a PE ratio of 14.93 and a beta of 0.83. The company has a 50 day moving average price of $14.16 and a 200 day moving average price of $13.71.

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

Hedge Funds Weigh In On Smith Douglas Homes

Several large investors have recently modified their holdings of SDHC. Geode Capital Management LLC grew its stake in Smith Douglas Homes by 8.8% in the second quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock worth $1,980,000 after purchasing an additional 8,201 shares in the last quarter. First Trust Advisors LP raised its stake in Smith Douglas Homes by 5.8% during the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock valued at $564,000 after buying an additional 1,583 shares in the last quarter. Marshall Wace LLP bought a new position in Smith Douglas Homes during the 2nd quarter worth approximately $644,000. Raymond James Financial Inc. acquired a new position in shares of Smith Douglas Homes in the 2nd quarter worth approximately $34,000. Finally, Wasatch Advisors LP increased its holdings in shares of Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock valued at $24,845,000 after acquiring an additional 53,358 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. was founded in 2008 and is headquartered in Woodstock, Georgia.