Brokerages Set Smith Douglas Homes Corp. (NYSE:SDHC) Target Price at $16.60

Smith Douglas Homes Corp. (NYSE:SDHC) has received a consensus rating of “Reduce” from the nine research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.60.

Several equities research analysts recently issued reports on SDHC shares. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $17.00 price target on shares of Smith Douglas Homes in a research report on Friday, November 21st. Wells Fargo & Company decreased 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. Finally, Royal Bank Of Canada cut their target price on Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th.

Institutional Trading of Smith Douglas Homes

A number of hedge funds and other institutional investors have recently modified their holdings of SDHC. Wellington Management Group LLP lifted its position in Smith Douglas Homes by 32.7% in the first quarter. Wellington Management Group LLP now owns 1,211,274 shares of the company’s stock valued at $23,644,000 after buying an additional 298,227 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Smith Douglas Homes by 93.1% in the 1st quarter. Trexquant Investment LP now owns 16,420 shares of the company’s stock valued at $321,000 after acquiring an additional 7,916 shares during the period. Beck Mack & Oliver LLC lifted its holdings in shares of Smith Douglas Homes by 20.2% in the 1st quarter. Beck Mack & Oliver LLC now owns 840,975 shares of the company’s stock worth $16,416,000 after acquiring an additional 141,545 shares during the last quarter. PDT Partners LLC boosted its position 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 purchasing an additional 1,349 shares during the period. Finally, Covey Capital Advisors LLC purchased a new position in shares of Smith Douglas Homes during the 2nd quarter worth approximately $705,000.

Smith Douglas Homes Stock Performance

NYSE SDHC opened at $20.01 on Friday. The stock’s fifty day moving average is $18.09 and its two-hundred day moving average is $18.88. The firm has a market capitalization of $1.03 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 15.73 and a beta of 0.86. Smith Douglas Homes has a fifty-two week low of $15.00 and a fifty-two week high of $33.01.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results 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). Smith Douglas Homes had a return on equity of 0.12% and a net margin of 1.13%.The company had revenue of $262.04 million during the quarter, compared to analyst estimates of $251.41 million. As a group, sell-side analysts forecast that Smith Douglas Homes will post 1.73 EPS for the current year.

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.