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

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) gapped up prior to trading on Friday . The stock had previously closed at $12.97, but opened at $13.85. Smith Douglas Homes shares last traded at $14.04, with a volume of 1,684 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Saturday, May 30th. Citizens Jmp assumed coverage on shares of Smith Douglas Homes in a report on Tuesday, March 24th. They issued a “market perform” rating on the stock. Finally, Zelman & Associates assumed coverage on shares of Smith Douglas Homes in a report on Monday, April 6th. They issued a “neutral” rating and a $13.50 price target on the stock. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Smith Douglas Homes currently has an average rating of “Reduce” and an average target price of $13.90.

Smith Douglas Homes Stock Performance

The firm has a market cap of $710.92 million, a price-to-earnings ratio of 14.74 and a beta of 1.13. The company’s fifty day moving average is $13.09 and its two-hundred day moving average is $15.91.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $206.44 million for the quarter, compared to analyst estimates of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. As a group, analysts forecast that Smith Douglas Homes Corp. will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Conifer Management L.L.C. increased its stake in Smith Douglas Homes by 68.3% during the 4th 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 increased its stake in Smith Douglas Homes by 4.4% during the 2nd 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 increased its stake in 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 buying an additional 24,996 shares during the period. Beck Mack & Oliver LLC increased its stake in 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 buying an additional 3,605 shares during the period. Finally, Vanguard Group Inc. increased 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 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.