Smith Douglas Homes (NYSE:SDHC) Shares Up 5.9% – Still a Buy?

Smith Douglas Homes Corp. (NYSE:SDHC) shares shot up 5.9% during trading on Friday . The company traded as high as $19.23 and last traded at $19.47. 21,932 shares were traded during mid-day trading, a decline of 78% from the average session volume of 100,463 shares. The stock had previously closed at $18.39.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SDHC. Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Wedbush reiterated a “neutral” rating and issued a $18.00 price objective on shares of Smith Douglas Homes in a report on Wednesday. Finally, Bank of America lowered Smith Douglas Homes from a “neutral” rating to an “underperform” rating and cut their target price for the company from $33.00 to $22.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.20.

Smith Douglas Homes Stock Up 7.0%

The company has a market cap of $1.01 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 6.87 and a beta of 1.28. The business has a 50-day simple moving average of $19.38 and a 200-day simple moving average of $24.51.

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

Institutional Trading of Smith Douglas Homes

Large investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in shares of Smith Douglas Homes during the fourth quarter worth $27,000. Trexquant Investment LP purchased a new stake in shares of Smith Douglas Homes during the fourth quarter worth $218,000. Yorktown Management & Research Co Inc purchased a new stake in shares of Smith Douglas Homes during the fourth quarter worth $236,000. M&T Bank Corp increased its position in shares of Smith Douglas Homes by 8.4% during the first quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock worth $215,000 after acquiring an additional 848 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Smith Douglas Homes during the fourth quarter worth $328,000.

About Smith Douglas Homes

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.