Research Analysts Issue Forecasts for SDHC FY2024 Earnings

Smith Douglas Homes Corp. (NYSE:SDHC) – Equities researchers at Wedbush raised their FY2024 earnings estimates for Smith Douglas Homes in a research note issued on Tuesday, November 12th. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $1.72 for the year, up from their prior forecast of $1.70. Wedbush currently has a “Neutral” rating and a $20.00 price target on the stock. The consensus estimate for Smith Douglas Homes’ current full-year earnings is $1.71 per share. Wedbush also issued estimates for Smith Douglas Homes’ Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $1.88 EPS.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $220.90 million for the quarter, compared to analyst estimates of $208.02 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. The company’s quarterly revenue was up 21.7% on a year-over-year basis.

Several other research analysts have also recently commented on the company. Wells Fargo & Company increased their price target on Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Bank of America boosted their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price target on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.50.

Smith Douglas Homes Trading Up 0.0 %

NYSE SDHC opened at $30.52 on Friday. Smith Douglas Homes has a 12-month low of $20.55 and a 12-month high of $39.50. The firm’s 50 day moving average is $35.52 and its 200-day moving average is $31.00.

Institutional Trading of Smith Douglas Homes

Several institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in Smith Douglas Homes by 5.5% during the second quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock worth $12,328,000 after buying an additional 27,300 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Smith Douglas Homes during the 1st quarter worth approximately $14,321,000. Vanguard Group Inc. acquired a new stake in shares of Smith Douglas Homes during the 1st quarter worth approximately $13,451,000. Massachusetts Financial Services Co. MA raised its position in Smith Douglas Homes by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 450,193 shares of the company’s stock valued at $10,526,000 after purchasing an additional 8,193 shares in the last quarter. Finally, Long Pond Capital LP acquired a new position in Smith Douglas Homes during the first quarter valued at approximately $12,388,000.

About Smith Douglas Homes

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.