Smith Douglas Homes (NYSE:SDHC) Sets New 1-Year Low – Time to Sell?

Smith Douglas Homes Corp. (NYSE:SDHC) hit a new 52-week low on Wednesday. The company traded as low as $9.71 and last traded at $9.95, with a volume of 22,044 shares changing hands. The stock had previously closed at $10.20.

Analysts Set New Price Targets

SDHC has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Thursday, October 15th. Royal Bank Of Canada cut their price target on Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Finally, Wells Fargo & Company cut their price target on Smith Douglas Homes from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.38.

Smith Douglas Homes Stock Performance

The firm’s fifty day moving average price is $10.45 and its 200 day moving average price is $13.47. The firm has a market cap of $496.59 million, a P/E ratio of 17.76 and a beta of 0.87.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. The firm had revenue of $262.51 million for the quarter, compared to the consensus estimate of $283.13 million. Smith Douglas Homes had a net margin of 0.49% and a return on equity of 0.61%. As a group, analysts expect that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Conifer Management L.L.C. purchased a new stake in shares of Smith Douglas Homes during the 2nd quarter worth $22,274,259. Squarepoint Ops LLC boosted its position in Smith Douglas Homes by 37.1% during 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 in the last quarter. Dimensional Fund Advisors LP purchased a new position in Smith Douglas Homes in the first quarter valued at about $324,000. Integrity Alliance LLC. purchased a new position in Smith Douglas Homes in the third quarter valued at about $158,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its stake 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, Inc is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company serves a range of buyers, including first-time purchasers, move-up buyers and others seeking newly built homes in planned communities.

Its business activities include acquiring and developing residential land, planning communities, building homes and providing customers with selections of floor plans, finishes and other design options. Smith Douglas Homes generally offers homes at accessible price points across a variety of suburban and exurban settings.

Founded in 2008, the company operates in markets across the southeastern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Kentucky.