Smith Douglas Homes (NYSE:SDHC) Shares Down 4.5% – Should You Sell?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price traded down 4.5% on Thursday . The stock traded as low as $20.45 and last traded at $20.53. 17,501 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 81,578 shares. The stock had previously closed at $21.49.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SDHC shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $17.00 price target on shares of Smith Douglas Homes in a report on Friday, November 21st. Royal Bank Of Canada dropped their price target on shares of Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Zacks Research downgraded shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. UBS Group reaffirmed a “positive” rating on shares of Smith Douglas Homes in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $16.60.

Smith Douglas Homes Stock Down 3.0%

The company has a market cap of $1.07 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 13.69 and a beta of 0.86. The company’s fifty day moving average price is $17.52 and its two-hundred day moving average price is $18.67.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). The business had revenue of $262.04 million during the quarter, compared to analyst estimates of $251.41 million. Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. On average, equities research analysts predict that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. PDT Partners LLC increased its holdings in shares of Smith Douglas Homes by 10.7% during the 1st quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock worth $273,000 after acquiring an additional 1,349 shares during the last quarter. First Trust Advisors LP increased its position 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 worth $564,000 after buying an additional 1,583 shares during the period. Raymond James Financial Inc. bought a new position in Smith Douglas Homes during the second quarter worth about $34,000. Vanguard Group Inc. raised its stake in Smith Douglas Homes by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock worth $7,965,000 after purchasing an additional 3,884 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Smith Douglas Homes by 1.7% in the 2nd quarter. First Eagle Investment Management LLC now owns 240,382 shares of the company’s stock valued at $4,668,000 after purchasing an additional 4,000 shares during the period.

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.