Smith Douglas Homes (NYSE:SDHC) Stock Price Down 3.2% – Time to Sell?

Smith Douglas Homes Corp. (NYSE:SDHC)’s stock price was down 3.2% during trading on Monday . The company traded as low as $20.03 and last traded at $20.07. Approximately 26,122 shares changed hands during trading, a decline of 71% from the average daily volume of 89,763 shares. The stock had previously closed at $20.73.

Analyst Ratings Changes

A number of research firms recently weighed in on SDHC. Bank of America cut shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $33.00 to $22.00 in a research note on Monday, January 27th. Wells Fargo & Company lowered their price objective on Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their target price on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.80.

Smith Douglas Homes Stock Down 2.1 %

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 6.87 and a beta of 1.44. The stock’s 50-day simple moving average is $22.71 and its 200 day simple moving average is $29.32.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.46 EPS 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 anticipate that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Smith Douglas Homes by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 90,038 shares of the company’s stock valued at $2,310,000 after acquiring an additional 457 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Smith Douglas Homes in the fourth quarter valued at approximately $27,000. Quantbot Technologies LP grew its holdings in Smith Douglas Homes by 287.0% during 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 period. Atria Investments Inc acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at $204,000. Finally, XTX Topco Ltd bought a new position in shares of Smith Douglas Homes in the 3rd quarter worth $246,000.

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.