Brokerages Set Smith Douglas Homes Corp. (NYSE:SDHC) Target Price at $13.90

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given a consensus recommendation of “Reduce” by the ten ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.90.

SDHC has been the subject of a number of analyst reports. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. Finally, Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th.

Institutional Investors Weigh In On Smith Douglas Homes

Large investors have recently added to or reduced their stakes in the stock. Conifer Management L.L.C. acquired a new position in Smith Douglas Homes during the second quarter valued at approximately $22,274,259,000. Wasatch Advisors LP lifted its stake in shares of Smith Douglas Homes by 6.2% in the fourth quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock worth $20,960,000 after buying an additional 72,525 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Smith Douglas Homes by 14.2% in the fourth quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock worth $6,352,000 after buying an additional 47,100 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Smith Douglas Homes during the 2nd quarter worth $644,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Smith Douglas Homes during the 1st quarter worth $324,000.

Smith Douglas Homes Stock Performance

Smith Douglas Homes stock opened at $12.48 on Wednesday. Smith Douglas Homes has a 1-year low of $10.72 and a 1-year high of $23.49. The firm’s fifty day simple moving average is $14.61 and its 200-day simple moving average is $14.23. The company has a market capitalization of $634.36 million, a P/E ratio of 17.33 and a beta of 0.88.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. On average, equities research analysts predict that Smith Douglas Homes will post 0.25 earnings per share 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. was founded in 2008 and is headquartered in Woodstock, Georgia.