Smith Douglas Homes (NYSE:SDHC) Reaches New 1-Year Low – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC) reached a new 52-week low during trading on Wednesday. The company traded as low as $9.71 and last traded at $9.95, with a volume of 22,044 shares. The stock had previously closed at $10.20.

Analyst Ratings Changes

A number of brokerages recently weighed in on SDHC. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, October 15th. Wells Fargo & Company reduced their price objective on Smith Douglas Homes from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, Royal Bank Of Canada decreased their price objective on Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.38.

Smith Douglas Homes Price Performance

The stock’s 50-day moving average price is $10.55 and its 200 day moving average price is $13.59. The firm has a market capitalization of $488.48 million, a PE ratio of 13.35 and a beta of 0.87.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, November 4th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.20. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. The company had revenue of $262.51 million for the quarter, compared to analysts’ expectations of $283.13 million. Equities research analysts forecast that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Hedge funds have recently added to or reduced their stakes in the business. Conifer Management L.L.C. acquired a new position in Smith Douglas Homes in the second quarter valued at approximately $22,274,259. Squarepoint Ops LLC increased its holdings in shares of Smith Douglas Homes by 37.1% during the 2nd quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock valued at $494,000 after purchasing an additional 8,606 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Smith Douglas Homes in the 1st quarter valued at $324,000. Ruane Cunniff & Goldfarb L.P. lifted its stake in shares of Smith Douglas Homes by 18.7% in 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 period. Finally, Hsbc Holdings PLC acquired a new position in shares of Smith Douglas Homes in the 1st quarter valued at $168,000.

Smith Douglas Homes Company Profile

Smith Douglas Homes, Inc is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company serves a range of buyers, including first-time purchasers, move-up buyers and others seeking newly built homes in planned communities.

Its business activities include acquiring and developing residential land, planning communities, building homes and providing customers with selections of floor plans, finishes and other design options. Smith Douglas Homes generally offers homes at accessible price points across a variety of suburban and exurban settings.

Founded in 2008, the company operates in markets across the southeastern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Kentucky.