Smith Douglas Homes (NYSE:SDHC) Stock Price Down 4.8% – Should You Sell?

Smith Douglas Homes Corp. (NYSE:SDHC) fell 4.8% during trading on Monday . The stock traded as low as $15.14 and last traded at $15.14. 2,934 shares changed hands during trading, a decline of 97% from the average session volume of 109,388 shares. The stock had previously closed at $15.91.

Analysts Set New Price Targets

SDHC has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Tuesday, April 21st. Wells Fargo & Company reduced their price target on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Citizens Jmp started coverage on shares of Smith Douglas Homes in a research note on Tuesday, March 24th. They issued a “market perform” rating for the company. Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $13.90.

Smith Douglas Homes Stock Performance

The company has a market cap of $799.78 million, a PE ratio of 16.58 and a beta of 0.87. The business’s 50-day moving average is $13.23 and its 200 day moving average is $15.18.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%.The firm had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. Equities research analysts anticipate that Smith Douglas Homes Corp. will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of large investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its holdings in shares of Smith Douglas Homes by 14.2% during the fourth quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock worth $6,352,000 after purchasing an additional 47,100 shares during the period. Conifer Management L.L.C. increased its holdings 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 period. Vanguard Group Inc. raised its position in Smith Douglas Homes by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after purchasing an additional 3,884 shares during the last quarter. Geode Capital Management LLC raised its position in Smith Douglas Homes by 8.8% during the 2nd quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock valued at $1,980,000 after purchasing an additional 8,201 shares during the last quarter. Finally, State Street Corp lifted its holdings in Smith Douglas Homes by 2.7% in the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock worth $710,000 after buying an additional 1,100 shares during the period.

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.