Smith Douglas Homes Corp. (NYSE:SDHC) Stock Has Consensus Price Target of $13.90

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.62.

Several research firms have recently commented on SDHC. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th.

Smith Douglas Homes Trading Down 0.6%

SDHC opened at $10.15 on Thursday. The stock’s 50-day moving average price is $11.76 and its 200 day moving average price is $13.03. Smith Douglas Homes has a 12-month low of $9.75 and a 12-month high of $23.49. The firm has a market cap of $515.92 million, a price-to-earnings ratio of 14.10 and a beta of 0.90.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $273.03 million during the quarter, compared to analyst estimates of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. On average, research analysts forecast that Smith Douglas Homes will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

Institutional investors have recently modified their holdings of the business. Conifer Management L.L.C. raised 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 valued at $24,037,000 after acquiring an additional 581,794 shares in the last quarter. Squarepoint Ops LLC boosted 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 period. Dimensional Fund Advisors LP acquired a new position in Smith Douglas Homes during the 1st quarter worth $324,000. Ruane Cunniff & Goldfarb L.P. increased its holdings in Smith Douglas Homes by 18.7% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock worth $185,000 after purchasing an additional 2,281 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in Smith Douglas Homes during the 1st quarter worth about $168,000.

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.