Smith Douglas Homes Corp. (NYSE:SDHC) Receives Average Rating of “Reduce” from Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average rating of “Reduce” from the ten analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.90.

SDHC has been the topic of a number of recent research reports. Wall Street Zen cut Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Zelman & Associates initiated coverage on Smith Douglas Homes in a report on Monday, April 6th. They issued a “neutral” rating and a $13.50 target price on the stock. Citizens Jmp initiated coverage on Smith Douglas Homes in a report on Tuesday, March 24th. They issued a “market perform” rating on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Finally, Zacks Research upgraded Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th.

Smith Douglas Homes Stock Performance

Shares of SDHC stock opened at $13.81 on Friday. Smith Douglas Homes has a 1 year low of $10.72 and a 1 year high of $23.50. The stock has a market cap of $701.27 million, a PE ratio of 14.54 and a beta of 1.13. The business’s fifty day moving average is $13.09 and its 200-day moving average is $15.91.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $206.44 million for the quarter, compared to analysts’ expectations of $200.70 million. Equities research analysts predict that Smith Douglas Homes will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

Hedge funds have recently modified their holdings of the stock. Conifer Management L.L.C. boosted 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 worth $24,037,000 after buying an additional 581,794 shares during the period. Wasatch Advisors LP boosted its position 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 buying an additional 53,358 shares during the period. Wellington Management Group LLP boosted its position in shares of Smith Douglas Homes by 2.2% in the fourth quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after buying an additional 24,996 shares during the period. Beck Mack & Oliver LLC boosted its position in shares of Smith Douglas Homes by 0.4% in the fourth quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after buying an additional 3,605 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Smith Douglas Homes by 0.9% in the third quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock worth $7,965,000 after buying 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.