Smith Douglas Homes (NYSE:SDHC) Stock Price Up 5.9% – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC) shares were up 5.9% during trading on Friday . The company traded as high as $16.13 and last traded at $16.13. Approximately 22,577 shares traded hands during trading, a decline of 79% from the average daily volume of 108,103 shares. The stock had previously closed at $15.23.

Wall Street Analyst Weigh In

SDHC has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Citizens Jmp started coverage on shares of Smith Douglas Homes in a report on Tuesday, March 24th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. dropped their target price on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Finally, Wells Fargo & Company cut their target price on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $13.90.

Smith Douglas Homes Trading Up 6.0%

The stock’s fifty day moving average price is $13.29 and its 200 day moving average price is $15.11. The stock has a market cap of $819.59 million, a P/E ratio of 16.99 and a beta of 0.87.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $200.70 million. As a group, sell-side analysts forecast that Smith Douglas Homes Corp. will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SDHC. Conifer Management L.L.C. grew its stake 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 acquiring an additional 581,794 shares during the period. Wasatch Advisors LP lifted its position in Smith Douglas Homes by 4.4% during the second quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock valued at $24,845,000 after purchasing an additional 53,358 shares in the last quarter. Wellington Management Group LLP raised its stake in Smith Douglas Homes by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after acquiring an additional 24,996 shares during the period. Beck Mack & Oliver LLC boosted its holdings in Smith Douglas Homes by 0.4% in the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after buying an additional 3,605 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Smith Douglas Homes by 0.9% during the third quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock worth $7,965,000 after purchasing an additional 3,884 shares in the last quarter.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.