Smith Douglas Homes (NYSE:SDHC) Trading Down 3.9% – What’s Next?

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) traded down 3.9% during mid-day trading on Tuesday . The stock traded as low as $19.81 and last traded at $19.27. 1,600 shares were traded during trading, a decline of 98% from the average session volume of 81,608 shares. The stock had previously closed at $20.06.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Wednesday, October 8th. Bank of America cut their price target on Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating on the stock in a report on Friday, October 10th. Royal Bank Of Canada reduced their price objective on Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $17.00 target price on shares of Smith Douglas Homes in a research report on Friday, November 21st. Finally, Wells Fargo & Company cut their target price on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $16.60.

Smith Douglas Homes Price Performance

The firm has a market capitalization of $970.09 million, a P/E ratio of 15.08, a PEG ratio of 15.20 and a beta of 0.85. The firm’s 50 day moving average is $18.43 and its two-hundred day moving average is $18.90.

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

Institutional Investors Weigh In On Smith Douglas Homes

Several hedge funds have recently bought and sold shares of SDHC. Wasatch Advisors LP boosted its holdings in shares of Smith Douglas Homes by 4.4% during the second quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after acquiring an additional 53,358 shares during the period. Wellington Management Group LLP lifted its holdings in Smith Douglas Homes by 32.7% during the 1st quarter. Wellington Management Group LLP now owns 1,211,274 shares of the company’s stock worth $23,644,000 after purchasing an additional 298,227 shares during the last quarter. Beck Mack & Oliver LLC boosted its stake in Smith Douglas Homes by 20.2% in the 1st quarter. Beck Mack & Oliver LLC now owns 840,975 shares of the company’s stock valued at $16,416,000 after purchasing an additional 141,545 shares during the period. Vanguard Group Inc. grew its holdings in Smith Douglas Homes by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after buying an additional 3,884 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Smith Douglas Homes by 38.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock valued at $5,857,000 after buying an additional 91,292 shares in the last quarter.

About Smith Douglas Homes

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. was founded in 2008 and is headquartered in Woodstock, Georgia.