Smith Douglas Homes Corp. (NYSE:SDHC) Stock Has Consensus Target Price of $11.38

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.38.

Several equities analysts have issued reports on SDHC shares. Wells Fargo & Company decreased their price objective on shares of Smith Douglas Homes from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, October 15th. Royal Bank Of Canada decreased their target price on shares of Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Finally, Wall Street Zen lowered Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Saturday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Conifer Management L.L.C. bought a new position in Smith Douglas Homes in the 2nd quarter worth $22,274,259. Dimensional Fund Advisors LP purchased a new stake in Smith Douglas Homes in the first quarter valued at $324,000. Squarepoint Ops LLC increased its stake in Smith Douglas Homes by 37.1% in the second 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 during the last quarter. Integrity Alliance LLC. purchased a new position in shares of Smith Douglas Homes in the 3rd quarter valued at about $158,000. Finally, Hsbc Holdings PLC acquired a new position in Smith Douglas Homes during the first quarter valued at approximately $168,000.

Smith Douglas Homes Price Performance

SDHC stock opened at $9.77 on Monday. The business’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $13.42. Smith Douglas Homes has a twelve month low of $9.60 and a twelve month high of $23.49.

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

About Smith Douglas Homes

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.