Smith Douglas Homes (NYSE:SDHC) Stock Price Up 3.7% – Still a Buy?

Smith Douglas Homes Corp. (NYSE:SDHC)’s stock price rose 3.7% on Thursday. The stock traded as high as $10.70 and last traded at $10.70. 624 shares changed hands during trading, a decline of 99% from the average session volume of 91,756 shares. The stock had previously closed at $10.32.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SDHC shares. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Smith Douglas Homes presently has a consensus rating of “Reduce” and an average price target of $13.90.

Smith Douglas Homes Trading Down 2.1%

The business’s fifty day moving average price is $12.70 and its 200-day moving average price is $13.19. The company has a market capitalization of $522.53 million, a P/E ratio of 14.28 and a beta of 0.83.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. The firm had revenue of $273.03 million for the quarter, compared to the consensus estimate of $258.10 million. As a group, equities research analysts forecast that Smith Douglas Homes Corp. will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors have recently bought and sold shares of SDHC. Conifer Management L.L.C. bought a new stake in Smith Douglas Homes in the 2nd quarter worth $22,274,259. Dimensional Fund Advisors LP bought a new stake in Smith Douglas Homes during the first quarter worth about $324,000. Hsbc Holdings PLC purchased a new stake in shares of Smith Douglas Homes in the 1st quarter worth approximately $168,000. Squarepoint Ops LLC grew its stake in shares of Smith Douglas Homes by 37.1% in the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after acquiring an additional 8,606 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. grew its position in Smith Douglas Homes by 18.7% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after purchasing an additional 2,281 shares during the last quarter.

About Smith Douglas Homes

Smith Douglas Homes (NYSE: SDHC) is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company focuses on offering attainable, entry-level housing, with floor plans and community features intended to meet the needs of first-time and value-oriented homebuyers.

The company develops homes in planned communities and offers a range of single-family designs, typically with options that allow buyers to customize selected features and finishes. Its activities generally include land acquisition and development, home construction, marketing, sales and customer service.

Founded in 2008 and headquartered in Atlanta, Georgia, Smith Douglas Homes serves housing markets in the southeastern and southern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.