Smith Douglas Homes (NYSE:SDHC) Shares Gap Down – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC) gapped down prior to trading on Tuesday . The stock had previously closed at $22.05, but opened at $20.35. Smith Douglas Homes shares last traded at $20.8290, with a volume of 3,018 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Wednesday, October 8th. UBS Group reiterated a “positive” rating on shares of Smith Douglas Homes in a report on Monday, December 1st. BTIG Research began coverage on Smith Douglas Homes in a research note on Monday, December 1st. They set a “neutral” rating on the stock. Zacks Research lowered Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $17.00 price target on shares of Smith Douglas Homes in a research note on Friday, November 21st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $16.60.

Smith Douglas Homes Stock Performance

The stock has a market cap of $1.10 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 17.26 and a beta of 0.95. The company has a 50 day moving average of $18.98 and a two-hundred day moving average of $18.83.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data 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 business had revenue of $262.04 million during the quarter, compared to analysts’ expectations of $251.41 million. As a group, equities research analysts anticipate that Smith Douglas Homes Corp. will post 1.73 EPS for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC raised its position in shares of Smith Douglas Homes by 38.0% during 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 during the period. Teachers Retirement System of The State of Kentucky increased its stake in Smith Douglas Homes by 26.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,251 shares of the company’s stock worth $587,000 after acquiring an additional 7,025 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Smith Douglas Homes in the third quarter valued at $346,000. GSA Capital Partners LLP acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at $188,000. Finally, Vanguard Group Inc. grew its holdings in shares of Smith Douglas Homes by 0.9% during 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 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. was founded in 2008 and is headquartered in Woodstock, Georgia.