Smith Douglas Homes (NYSE:SDHC) Hits New 52-Week Low – Time to Sell?

Smith Douglas Homes Corp. (NYSE:SDHC) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.18 and last traded at $18.18, with a volume of 29752 shares. The stock had previously closed at $19.45.

Analyst Upgrades and Downgrades

Several analysts have commented on SDHC shares. Wells Fargo & Company decreased their price objective on shares of Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. reduced their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Finally, Bank of America lowered Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $33.00 to $22.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.80.

Smith Douglas Homes Price Performance

The firm has a market cap of $1.01 billion, a PE ratio of 11.16, a PEG ratio of 6.87 and a beta of 1.44. The business’s 50 day moving average price is $21.76 and its 200 day moving average price is $28.34.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. The firm had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. As a group, analysts predict that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SDHC. Quantbot Technologies LP lifted its holdings in shares of Smith Douglas Homes by 287.0% in the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after acquiring an additional 2,738 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Smith Douglas Homes during the 3rd quarter valued at about $591,000. Stifel Financial Corp grew its holdings in shares of Smith Douglas Homes by 39.0% in the third quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock valued at $985,000 after purchasing an additional 7,310 shares in the last quarter. Jane Street Group LLC purchased a new stake in Smith Douglas Homes during the 3rd quarter worth approximately $530,000. Finally, XTX Topco Ltd purchased a new position in shares of Smith Douglas Homes in the 3rd quarter valued at about $246,000.

Smith Douglas Homes Company Profile

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.