Smith Douglas Homes (NYSE:SDHC) Trading Down 4.8% – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price was down 4.8% on Monday . The stock traded as low as $15.14 and last traded at $15.14. 2,934 shares were traded during trading, a decline of 97% from the average daily volume of 109,388 shares. The stock had previously closed at $15.91.

Wall Street Analysts Forecast Growth

SDHC has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Zelman & Associates started coverage on Smith Douglas Homes in a report on Monday, April 6th. They set a “neutral” rating and a $13.50 price target on the stock. Finally, Citizens Jmp started coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $13.90.

Smith Douglas Homes Stock Performance

The stock has a market capitalization of $774.90 million, a price-to-earnings ratio of 16.06 and a beta of 0.87. The business has a 50-day moving average of $13.18 and a 200-day moving average of $15.24.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. The company had revenue of $206.44 million during the quarter, compared to analyst estimates of $200.70 million. Equities analysts predict that Smith Douglas Homes Corp. will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Smith Douglas Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Smith Douglas Homes during the second quarter worth $34,000. Tower Research Capital LLC TRC purchased a new position in Smith Douglas Homes during the 2nd quarter valued at about $90,000. Price T Rowe Associates Inc. MD acquired a new position in Smith Douglas Homes in the 4th quarter valued at about $182,000. VARCOV Co. purchased a new stake in Smith Douglas Homes during the fourth quarter worth about $200,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Smith Douglas Homes during the first quarter worth about $168,000.

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.