Smith Douglas Homes Corp. (NYSE:SDHC) Given Consensus Rating of “Reduce” by Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given an average rating of “Reduce” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.90.

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SDHC. Hsbc Holdings PLC bought a new stake in Smith Douglas Homes during the 1st quarter worth approximately $168,000. Ruane Cunniff & Goldfarb L.P. increased its position in Smith Douglas Homes by 18.7% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after acquiring an additional 2,281 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Smith Douglas Homes during the first quarter valued at $324,000. Squarepoint Ops LLC raised its stake in shares of Smith Douglas Homes by 37.1% during the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock valued at $494,000 after acquiring an additional 8,606 shares during the last quarter. Finally, Conifer Management L.L.C. acquired a new position in shares of Smith Douglas Homes during the second quarter worth $22,274,259.

Smith Douglas Homes Trading Down 0.6%

SDHC stock opened at $10.27 on Friday. The stock has a market capitalization of $522.02 million, a P/E ratio of 14.26 and a beta of 0.83. Smith Douglas Homes has a 12 month low of $10.01 and a 12 month high of $23.49. The firm has a 50-day moving average price of $13.35 and a 200-day moving average price of $13.37.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%.The company had revenue of $273.03 million for the quarter, compared to analyst estimates of $258.10 million. As a group, equities analysts predict that Smith Douglas Homes will post 0.25 EPS for the current fiscal year.

About Smith Douglas Homes

Smith Douglas Homes (NYSE: SDHC) is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company focuses on offering attainable, entry-level housing, with floor plans and community features intended to meet the needs of first-time and value-oriented homebuyers.

The company develops homes in planned communities and offers a range of single-family designs, typically with options that allow buyers to customize selected features and finishes. Its activities generally include land acquisition and development, home construction, marketing, sales and customer service.

Founded in 2008 and headquartered in Atlanta, Georgia, Smith Douglas Homes serves housing markets in the southeastern and southern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.