Smith Douglas Homes (NYSE:SDHC) Reaches New 1-Year Low – Here’s Why

Smith Douglas Homes Corp. (NYSE:SDHC) reached a new 52-week low during trading on Wednesday. The company traded as low as $9.71 and last traded at $9.88, with a volume of 22,193 shares traded. The stock had previously closed at $10.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.62.

Smith Douglas Homes Stock Down 2.2%

The stock has a fifty day moving average of $11.55 and a 200-day moving average of $13.00. The firm has a market capitalization of $501.18 million, a P/E ratio of 13.69 and a beta of 0.90.

Smith Douglas Homes (NYSE:SDHC) last issued 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). Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. The company had revenue of $273.03 million for the quarter, compared to the consensus estimate of $258.10 million. As a group, analysts forecast that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of institutional investors have recently modified their holdings of the stock. Conifer Management L.L.C. bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth $22,274,259. Dimensional Fund Advisors LP acquired a new stake in shares of Smith Douglas Homes during the first quarter worth $324,000. Hsbc Holdings PLC acquired a new stake in shares of Smith Douglas Homes during the first quarter worth $168,000. Squarepoint Ops LLC increased its holdings in Smith Douglas Homes by 37.1% in the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock valued at $494,000 after purchasing an additional 8,606 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its holdings in Smith Douglas Homes by 18.7% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after purchasing an additional 2,281 shares during the last quarter.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp. is a residential homebuilder that designs, constructs and sells single-family homes in selected markets across the southeastern and southern United States. The company focuses primarily on building attainable homes for first-time and move-up buyers.

Its homes are offered in a range of floor plans and configurations, with options intended to address varying household sizes, lifestyles and budgets. In addition to constructing homes, Smith Douglas Homes typically acquires and develops residential lots, manages the homebuilding process and provides customer service to homebuyers.

Founded in 2008, the company has expanded its operations across several markets, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.