Smith Douglas Homes (NYSE:SDHC) Trading 8.6% Higher – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC)’s stock price traded up 8.6% during mid-day trading on Wednesday . The stock traded as high as $14.43 and last traded at $14.38. Approximately 38,334 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 110,905 shares. The stock had previously closed at $13.24.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Zelman & Associates initiated coverage on Smith Douglas Homes in a research report on Monday, April 6th. They set a “neutral” rating and a $13.50 price target on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Zacks Research upgraded Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Citizens Jmp initiated coverage on Smith Douglas Homes in a research report on Tuesday, March 24th. They set a “market perform” rating for the company. Finally, Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Smith Douglas Homes has an average rating of “Reduce” and an average target price of $13.90.

Smith Douglas Homes Stock Up 9.7%

The stock’s fifty day simple moving average is $13.03 and its two-hundred day simple moving average is $15.57. The firm has a market cap of $737.33 million, a PE ratio of 15.28 and a beta of 1.13.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $206.44 million during the quarter, compared to analyst estimates of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. On average, equities research analysts anticipate that Smith Douglas Homes Corp. will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its position in shares of 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 worth $5,857,000 after purchasing an additional 91,292 shares during the last quarter. Conifer Management L.L.C. grew its position in Smith Douglas Homes by 68.3% during the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after purchasing an additional 581,794 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Smith Douglas Homes during the 3rd quarter valued at about $188,000. Price T Rowe Associates Inc. MD bought a new stake in Smith Douglas Homes during the 4th quarter valued at about $182,000. Finally, Tower Research Capital LLC TRC purchased a new position in Smith Douglas Homes in the second quarter worth about $90,000.

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.