Smith Douglas Homes Corp. (SDHC) – What Are Analysts Saying About This Stock?

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.62.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th.

Institutional Trading of Smith Douglas Homes

Several hedge funds have recently added to or reduced their stakes in the business. Ruane Cunniff & Goldfarb L.P. boosted its holdings in Smith Douglas Homes by 18.7% during 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. Squarepoint Ops LLC lifted its position in Smith Douglas Homes by 37.1% in the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock valued at $494,000 after purchasing an additional 8,606 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Smith Douglas Homes in the first quarter valued at approximately $168,000. Dimensional Fund Advisors LP purchased a new stake in shares of Smith Douglas Homes during the first quarter valued at approximately $324,000. Finally, Conifer Management L.L.C. grew its holdings 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 purchasing an additional 581,794 shares during the last quarter.

Smith Douglas Homes Stock Down 2.2%

NYSE SDHC opened at $9.86 on Thursday. Smith Douglas Homes has a 52-week low of $9.71 and a 52-week high of $23.49. The company has a fifty day moving average of $11.44 and a 200-day moving average of $12.98.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $273.03 million for the quarter, compared to analysts’ expectations of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. On average, analysts anticipate that Smith Douglas Homes will post 0.25 earnings per share for the current year.

About Smith Douglas Homes

Smith Douglas Homes Corp. is a residential homebuilder that designs, constructs and sells single-family homes in selected markets across the southeastern and southern United States. The company focuses primarily on building attainable homes for first-time and move-up buyers.

Its homes are offered in a range of floor plans and configurations, with options intended to address varying household sizes, lifestyles and budgets. In addition to constructing homes, Smith Douglas Homes typically acquires and develops residential lots, manages the homebuilding process and provides customer service to homebuyers.

Founded in 2008, the company has expanded its operations across several markets, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.