Royal Bank Of Canada Cuts Smith Douglas Homes (NYSE:SDHC) Price Target to $15.00

Smith Douglas Homes (NYSE:SDHC) had its price objective trimmed by Royal Bank Of Canada from $16.00 to $15.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a sector perform rating on the stock.

Several other research firms have also issued reports on SDHC. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Wells Fargo & Company decreased their target price on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Wednesday, October 8th. Finally, Bank of America lowered their price objective on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating for the company in a report on Friday, October 10th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes has a consensus rating of “Reduce” and a consensus price target of $16.90.

Smith Douglas Homes Trading Up 1.9%

SDHC stock traded up $0.34 during mid-day trading on Friday, hitting $17.67. 20,177 shares of the company were exchanged, compared to its average volume of 80,955. Smith Douglas Homes has a 1-year low of $15.00 and a 1-year high of $37.90. The business has a 50 day simple moving average of $17.77 and a 200-day simple moving average of $18.84. The stock has a market capitalization of $908.86 million, a PE ratio of 14.13, a price-to-earnings-growth ratio of 11.64 and a beta of 0.96.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.38). Smith Douglas Homes had a return on equity of 0.12% and a net margin of 1.13%.The company had revenue of $262.04 million for the quarter, compared to analyst estimates of $251.41 million. Equities research analysts expect that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Institutional Trading of Smith Douglas Homes

Hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp boosted its holdings in Smith Douglas Homes by 8.4% in the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock worth $215,000 after buying an additional 848 shares during the last quarter. PDT Partners LLC lifted its position in Smith Douglas Homes by 10.7% during the 1st quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock worth $273,000 after acquiring an additional 1,349 shares during the period. First Trust Advisors LP raised its position in Smith Douglas Homes by 5.8% in the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after acquiring an additional 1,583 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes during the 2nd quarter valued at about $34,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Smith Douglas Homes by 1.0% during the 1st quarter. New York State Common Retirement Fund now owns 185,119 shares of the company’s stock worth $3,614,000 after acquiring an additional 1,744 shares during the period.

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.