Smith Douglas Homes Corp. (NYSE:SDHC) Receives $16.60 Consensus PT from Analysts

Smith Douglas Homes Corp. (NYSE:SDHC) has earned a consensus rating of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.60.

Several research firms recently issued reports on SDHC. Royal Bank Of Canada cut their target price on Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Wells Fargo & Company dropped their price target on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Wall Street Zen lowered shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a report on Monday, December 1st. Finally, BTIG Research initiated coverage on shares of Smith Douglas Homes in a research report on Monday, December 1st. They set a “neutral” rating for the company.

Smith Douglas Homes Stock Down 0.3%

NYSE:SDHC opened at $15.71 on Wednesday. The business’s 50-day simple moving average is $18.29 and its two-hundred day simple moving average is $18.47. The stock has a market cap of $808.07 million, a PE ratio of 12.56 and a beta of 0.94. Smith Douglas Homes has a 52 week low of $15.00 and a 52 week high of $23.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Covey Capital Advisors LLC bought a new stake in shares of Smith Douglas Homes in the second quarter worth about $705,000. Corton Capital Inc. grew its holdings in Smith Douglas Homes by 41.0% during the 2nd quarter. Corton Capital Inc. now owns 20,752 shares of the company’s stock valued at $403,000 after buying an additional 6,036 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Smith Douglas Homes by 1.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 240,382 shares of the company’s stock valued at $4,668,000 after buying an additional 4,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Smith Douglas Homes by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock worth $1,980,000 after acquiring an additional 8,201 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Smith Douglas Homes by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after acquiring an additional 1,583 shares in the last quarter.

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.