Analysts Set Smith Douglas Homes Corp. (NYSE:SDHC) Target Price at $14.58

Smith Douglas Homes Corp. (NYSE:SDHC) has received a consensus rating of “Reduce” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.5833.

A number of analysts have commented on SDHC shares. Citizens Jmp began coverage on Smith Douglas Homes in a research report on Tuesday, March 24th. They issued a “market perform” rating for the company. Zelman & Associates began coverage on Smith Douglas Homes in a research report on Monday, April 6th. They set a “neutral” rating and a $13.50 target price for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, January 22nd. Wells Fargo & Company cut their target price on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. cut their target price on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 16th.

Insider Activity

In other Smith Douglas Homes news, Director George Ervin Perdue III bought 20,300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the transaction, the director owned 60,684 shares of the company’s stock, valued at $744,592.68. This trade represents a 50.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 22,000 shares of company stock worth $268,607 in the last three months. Company insiders own 82.71% of the company’s stock.

Institutional Trading of Smith Douglas Homes

Several institutional investors have recently made changes to their positions in the business. VARCOV Co. purchased a new stake in shares of Smith Douglas Homes during the fourth quarter worth about $200,000. Wellington Management Group LLP grew its position in shares of Smith Douglas Homes by 2.2% during the fourth quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after purchasing an additional 24,996 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Smith Douglas Homes during the fourth quarter valued at approximately $182,000. State Street Corp boosted its stake 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 buying an additional 1,100 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Smith Douglas Homes by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 128,597 shares of the company’s stock valued at $2,157,000 after buying an additional 6,191 shares during the last quarter.

Smith Douglas Homes Stock Down 1.7%

Shares of SDHC opened at $14.49 on Thursday. The business has a 50-day simple moving average of $14.32 and a two-hundred day simple moving average of $16.95. The stock has a market cap of $746.09 million, a price-to-earnings ratio of 12.18 and a beta of 1.29. Smith Douglas Homes has a 52 week low of $11.13 and a 52 week high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $260.43 million during the quarter, compared to analysts’ expectations of $251.09 million. Smith Douglas Homes had a negative return on equity of 1.03% and a net margin of 1.10%. On average, equities analysts anticipate that Smith Douglas Homes will post 0.41 earnings per share for the current fiscal 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.