Smith Douglas Homes (NYSE:SDHC) Shares Up 3.9% – Should You Buy?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price shot up 3.9% during mid-day trading on Tuesday. The stock traded as high as $10.13 and last traded at $10.13. Approximately 1,191 shares changed hands during trading, a decline of 99% from the average session volume of 88,318 shares. The stock had previously closed at $9.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Smith Douglas Homes has a consensus rating of “Hold” and an average price target of $13.62.

Smith Douglas Homes Stock Up 1.8%

The business’s fifty day moving average price is $11.66 and its 200 day moving average price is $13.01. The firm has a market capitalization of $504.72 million, a PE ratio of 13.79 and a beta of 0.90.

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

Hedge Funds Weigh In On Smith Douglas Homes

Several institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its stake in Smith Douglas Homes by 37.1% in the 2nd quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after buying an additional 8,606 shares during the last quarter. Conifer Management L.L.C. acquired a new position in shares of Smith Douglas Homes during the 2nd quarter valued at about $22,274,259. Ruane Cunniff & Goldfarb L.P. increased its stake in shares of 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 acquiring an additional 2,281 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Smith Douglas Homes during the 1st quarter worth about $324,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Smith Douglas Homes during the 1st quarter worth about $168,000.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp. is a residential homebuilder that designs, constructs and sells single-family homes in selected markets across the southeastern and southern United States. The company focuses primarily on building attainable homes for first-time and move-up buyers.

Its homes are offered in a range of floor plans and configurations, with options intended to address varying household sizes, lifestyles and budgets. In addition to constructing homes, Smith Douglas Homes typically acquires and develops residential lots, manages the homebuilding process and provides customer service to homebuyers.

Founded in 2008, the company has expanded its operations across several markets, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.