Smith Douglas Homes (NYSE:SDHC) Shares Gap Up – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.97, but opened at $13.85. Smith Douglas Homes shares last traded at $14.04, with a volume of 1,684 shares.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SDHC shares. Zelman & Associates started coverage on shares of Smith Douglas Homes in a research report on Monday, April 6th. They issued a “neutral” rating and a $13.50 target price for the company. Wells Fargo & Company dropped their target price on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Citizens Jmp started coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They issued a “market perform” rating for the company. Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $13.90.

Smith Douglas Homes Trading Up 2.0%

The business’s 50-day moving average is $13.09 and its two-hundred day moving average is $15.91. The firm has a market cap of $710.92 million, a P/E ratio of 14.74 and a beta of 1.13.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share 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 business had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. On average, analysts anticipate that Smith Douglas Homes Corp. will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of institutional investors have recently modified their holdings of SDHC. Conifer Management L.L.C. grew its position in shares of Smith Douglas Homes by 68.3% during the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after buying an additional 581,794 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of Smith Douglas Homes by 38.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock valued at $5,857,000 after buying an additional 91,292 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Smith Douglas Homes by 6.2% during the 4th quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock valued at $20,960,000 after buying an additional 72,525 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Smith Douglas Homes during the 2nd quarter valued at about $644,000. Finally, Dimensional Fund Advisors LP acquired a new position in Smith Douglas Homes during the 1st quarter valued at about $324,000.

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