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

Smith Douglas Homes Corp. (NYSE:SDHC) has received a consensus recommendation of “Reduce” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two 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 1 year target price among brokers that have covered the stock in the last year is $13.90.

SDHC has been the subject of several research analyst reports. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th.

Institutional Investors Weigh In On Smith Douglas Homes

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new position in Smith Douglas Homes during the first quarter worth $168,000. Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of 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 worth $185,000 after acquiring an additional 2,281 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Smith Douglas Homes during the 1st quarter worth about $324,000. Squarepoint Ops LLC increased its holdings in shares of Smith Douglas Homes by 37.1% during the 2nd 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 2nd quarter valued at about $22,274,259.

Smith Douglas Homes Trading Up 0.4%

SDHC stock opened at $10.80 on Friday. The company has a market cap of $548.96 million, a PE ratio of 15.00 and a beta of 0.83. The stock has a 50-day moving average price of $13.55 and a two-hundred day moving average price of $13.45. Smith Douglas Homes has a 12-month low of $10.01 and a 12-month high of $23.49.

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

Smith Douglas Homes Company Profile

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.