Smith Douglas Homes Corp. (NYSE:SDHC) Receives $14.58 Consensus Price Target from Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have earned a consensus recommendation of “Reduce” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.5833.

Several brokerages have commented on SDHC. JPMorgan Chase & Co. decreased their target price on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. Wells Fargo & Company decreased their price objective on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Finally, Citizens Jmp started coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They set a “market perform” rating on the stock.

Insider Activity at Smith Douglas Homes

In other Smith Douglas Homes news, Director George Ervin Perdue III purchased 20,300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the acquisition, the director owned 60,684 shares of the company’s stock, valued at $744,592.68. This represents a 50.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 22,000 shares of company stock valued at $268,607 over the last ninety days.

Institutional Investors Weigh In On Smith Douglas Homes

A number of institutional investors have recently bought and sold shares of SDHC. Conifer Management L.L.C. grew its stake in Smith Douglas Homes by 68.3% during the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after acquiring an additional 581,794 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Smith Douglas Homes by 38.0% during the third quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock worth $5,857,000 after purchasing an additional 91,292 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Smith Douglas Homes by 6.2% during the fourth quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock worth $20,960,000 after purchasing an additional 72,525 shares during the period. Marshall Wace LLP purchased a new position in Smith Douglas Homes during the second quarter valued at approximately $644,000. Finally, Wellington Management Group LLP grew its position in Smith Douglas Homes by 2.2% during the fourth quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock valued at $19,738,000 after purchasing an additional 24,996 shares in the last quarter.

Smith Douglas Homes Stock Up 3.5%

Shares of Smith Douglas Homes stock opened at $14.89 on Thursday. Smith Douglas Homes has a 12-month low of $11.13 and a 12-month high of $23.50. The firm has a market capitalization of $766.69 million, a PE ratio of 12.51 and a beta of 1.29. The stock’s fifty day moving average is $14.48 and its 200-day moving average is $16.99.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $260.43 million during the quarter, compared to analyst estimates of $251.09 million. Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.03%. Analysts expect that Smith Douglas Homes will post 0.41 EPS for the current year.

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.