Analysts Set Smith Douglas Homes Corp. (NYSE:SDHC) Price Target at $17.50

by · The Markets Daily

Shares of Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report) have received a consensus rating of “Reduce” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.50.

A number of brokerages recently issued reports on SDHC. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Wednesday, October 8th. Finally, Bank of America lowered their price target on Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating for the company in a report on Friday, October 10th.

Check Out Our Latest Report on Smith Douglas Homes

Smith Douglas Homes Price Performance

SDHC opened at $17.89 on Thursday. Smith Douglas Homes has a 12 month low of $15.00 and a 12 month high of $37.90. The stock has a market capitalization of $920.39 million, a price-to-earnings ratio of 11.25, a PEG ratio of 11.65 and a beta of 0.96. The business has a fifty day moving average price of $18.21 and a 200 day moving average price of $18.91.

Smith Douglas Homes (NYSE:SDHC – Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.38). Smith Douglas Homes had a return on equity of 1.74% and a net margin of 1.43%.The company had revenue of $223.92 million for the quarter, compared to analyst estimates of $216.01 million. On average, research analysts anticipate that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Institutional Trading of Smith Douglas Homes

Several institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp raised its stake in Smith Douglas Homes by 8.4% during the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock valued at $215,000 after acquiring an additional 848 shares during the last quarter. PDT Partners LLC raised its stake in Smith Douglas Homes by 10.7% during the 1st quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock valued at $273,000 after acquiring an additional 1,349 shares during the last quarter. First Trust Advisors LP raised its stake in Smith Douglas Homes by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock valued at $564,000 after acquiring an additional 1,583 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Smith Douglas Homes during the 2nd quarter valued at approximately $34,000. Finally, New York State Common Retirement Fund raised its stake in Smith Douglas Homes by 1.0% during the 1st quarter. New York State Common Retirement Fund now owns 185,119 shares of the company’s stock valued at $3,614,000 after acquiring an additional 1,744 shares during the last quarter.

Smith Douglas Homes Company Profile

(Get Free Report)

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.

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