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

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have received an average rating of “Reduce” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $13.90.

Several research firms recently weighed in on SDHC. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research upgraded Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Zelman & Associates began coverage on Smith Douglas Homes in a research note on Monday, April 6th. They set a “neutral” rating and a $13.50 target price on the stock. JPMorgan Chase & Co. dropped their target price on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Finally, Citizens Jmp initiated coverage on Smith Douglas Homes in a report on Tuesday, March 24th. They issued a “market perform” rating on the stock.

Smith Douglas Homes Stock Performance

Shares of SDHC opened at $16.09 on Tuesday. Smith Douglas Homes has a 1 year low of $10.72 and a 1 year high of $23.50. The company has a market cap of $817.05 million, a price-to-earnings ratio of 16.94 and a beta of 0.87. The firm has a fifty day moving average of $13.18 and a 200-day moving average of $15.28.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. The company had revenue of $206.44 million for the quarter, compared to the consensus estimate of $200.70 million. Analysts predict that Smith Douglas Homes will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Conifer Management L.L.C. grew its position in shares of Smith Douglas Homes by 68.3% in the fourth quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after purchasing an additional 581,794 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Smith Douglas Homes by 4.4% in the second quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after purchasing an additional 53,358 shares during the period. Wellington Management Group LLP lifted its position in shares of Smith Douglas Homes by 2.2% during the 4th 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 during the last quarter. Beck Mack & Oliver LLC lifted its position in shares of Smith Douglas Homes by 0.4% during the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Smith Douglas Homes by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after purchasing an additional 3,884 shares during the period.

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.