Smith Douglas Homes Corp. (NYSE:SDHC) Receives Average Rating of “Reduce” from Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given an average rating of “Reduce” by the ten research firms that are presently covering the company, Marketbeat.com reports. Two 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 objective among analysts that have issued a report on the stock in the last year is $13.90.

SDHC has been the subject of a number of research reports. Zacks Research upgraded Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. Zelman & Associates assumed coverage on Smith Douglas Homes in a report on Monday, April 6th. They issued a “neutral” rating and a $13.50 price target on the stock. Finally, Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th.

Smith Douglas Homes Stock Performance

NYSE SDHC opened at $14.88 on Friday. Smith Douglas Homes has a one year low of $10.72 and a one year high of $23.49. The company has a 50-day simple moving average of $14.25 and a 200-day simple moving average of $14.85. The firm has a market capitalization of $755.65 million, a PE ratio of 15.66 and a beta of 0.87.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. The firm had revenue of $206.44 million for the quarter, compared to analyst estimates of $200.70 million. Equities analysts forecast that Smith Douglas Homes will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in shares of Smith Douglas Homes during the second quarter valued at $34,000. Tower Research Capital LLC TRC bought a new position in shares of Smith Douglas Homes during the second quarter worth about $90,000. Hsbc Holdings PLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter worth about $168,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Smith Douglas Homes in the 4th quarter worth about $182,000. Finally, Ruane Cunniff & Goldfarb L.P. lifted its position in 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 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.