Smith Douglas Homes Corp. (NYSE:SDHC) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have received an average recommendation of “Reduce” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Two investment 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 1 year price objective among analysts that have issued a report on the stock in the last year is $13.90.

A number of equities research analysts recently commented on SDHC shares. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. Finally, Zelman & Associates started coverage on shares of Smith Douglas Homes in a research report on Monday, April 6th. They set a “neutral” rating and a $13.50 price target for the company.

Smith Douglas Homes Stock Performance

Shares of SDHC opened at $15.05 on Friday. The stock has a 50-day moving average of $14.12 and a two-hundred day moving average of $14.88. The stock has a market cap of $764.24 million, a P/E ratio of 15.84 and a beta of 0.87. Smith Douglas Homes has a one year low of $10.72 and a one year high of $23.49.

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 analysts’ consensus estimates 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 business had revenue of $206.44 million for the quarter, compared to analyst estimates of $200.70 million. Analysts predict that Smith Douglas Homes will post 0.48 EPS for the current fiscal year.

Institutional Trading of Smith Douglas Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in Smith Douglas Homes by 2.7% during the fourth quarter. State Street Corp now owns 42,312 shares of the company’s stock valued at $710,000 after purchasing an additional 1,100 shares during the period. Geode Capital Management LLC grew its position in Smith Douglas Homes by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock worth $1,752,000 after purchasing an additional 1,406 shares during the period. First Trust Advisors LP grew its position in Smith Douglas Homes by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after purchasing an additional 1,583 shares during the period. Raymond James Financial Inc. acquired a new stake in Smith Douglas Homes during the 2nd quarter worth about $34,000. Finally, Ruane Cunniff & Goldfarb L.P. raised its stake in shares of Smith Douglas Homes by 18.7% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after buying an additional 2,281 shares during 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.