Smith Douglas Homes (NYSE:SDHC) Shares Up 9.3% – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC) shares traded up 9.3% on Friday . The stock traded as high as $19.06 and last traded at $19.1150. 61,933 shares were traded during trading, a decline of 14% from the average session volume of 71,815 shares. The stock had previously closed at $17.49.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Bank of America reduced their target price on Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating for the company in a report on Friday, October 10th. Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Royal Bank Of Canada lowered their target price on shares of Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. UBS Group reiterated a “positive” rating on shares of Smith Douglas Homes in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $17.00 price objective on shares of Smith Douglas Homes in a report on Friday, November 21st. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $16.60.

Smith Douglas Homes Trading Up 9.8%

The company has a market capitalization of $988.35 million, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 13.48 and a beta of 0.95. The stock’s fifty day simple moving average is $18.53 and its 200-day simple moving average is $18.77.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). The company had revenue of $262.04 million during the quarter, compared to analysts’ expectations of $251.41 million. Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. On average, analysts anticipate that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes in the second quarter valued at $34,000. Tower Research Capital LLC TRC purchased a new position in shares of Smith Douglas Homes in the 2nd quarter valued at about $90,000. GSA Capital Partners LLP acquired a new stake in shares of Smith Douglas Homes during the 3rd quarter worth about $188,000. AlphaQuest LLC purchased a new stake in shares of Smith Douglas Homes during the 3rd quarter worth approximately $195,000. Finally, Inspire Advisors LLC acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at $214,000.

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.