Smith Douglas Homes (NYSE:SDHC) Sets New 12-Month Low – Time to Sell?

Smith Douglas Homes Corp. (NYSE:SDHC) hit a new 52-week low during trading on Thursday. The stock traded as low as $9.75 and last traded at $9.85, with a volume of 10,438 shares. The stock had previously closed at $9.88.

Analyst Ratings Changes

SDHC has been the topic of a number of research analyst reports. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.62.

Smith Douglas Homes Price Performance

The company has a market capitalization of $515.90 million, a price-to-earnings ratio of 14.10 and a beta of 0.90. The business’s 50-day moving average price is $11.76 and its two-hundred day moving average price is $13.03.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $273.03 million during the quarter, compared to analyst estimates of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. As a group, research analysts predict that Smith Douglas Homes Corp. will post 0.25 EPS for the current year.

Institutional Trading of Smith Douglas Homes

Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in Smith Douglas Homes during the first quarter worth $168,000. Ruane Cunniff & Goldfarb L.P. lifted its position 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 worth $185,000 after buying an additional 2,281 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Smith Douglas Homes in the first quarter valued at about $324,000. Squarepoint Ops LLC raised its stake in Smith Douglas Homes by 37.1% during the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after acquiring an additional 8,606 shares in the last quarter. Finally, Conifer Management L.L.C. bought a new position in shares of Smith Douglas Homes in the second quarter worth about $22,274,259.

About Smith Douglas Homes

Smith Douglas Homes Corp. is a residential homebuilder that designs, constructs and sells single-family homes in selected markets across the southeastern and southern United States. The company focuses primarily on building attainable homes for first-time and move-up buyers.

Its homes are offered in a range of floor plans and configurations, with options intended to address varying household sizes, lifestyles and budgets. In addition to constructing homes, Smith Douglas Homes typically acquires and develops residential lots, manages the homebuilding process and provides customer service to homebuyers.

Founded in 2008, the company has expanded its operations across several markets, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.