Smith Douglas Homes (NYSE:SDHC) Stock Price Down 4.8% – Should You Sell?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price traded down 4.8% during mid-day trading on Monday . The company traded as low as $15.14 and last traded at $15.14. Approximately 2,934 shares traded hands during trading, a decline of 97% from the average daily volume of 109,388 shares. The stock had previously closed at $15.91.

Analyst Upgrades and Downgrades

SDHC has been the topic of several analyst reports. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Zelman & Associates assumed coverage on Smith Douglas Homes in a research report on Monday, April 6th. They set a “neutral” rating and a $13.50 price objective for the company. Finally, Citizens Jmp initiated coverage on shares of Smith Douglas Homes in a research note on Tuesday, March 24th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes currently has an average rating of “Reduce” and a consensus price target of $13.90.

Smith Douglas Homes Trading Down 4.1%

The stock has a fifty day simple moving average of $13.18 and a 200-day simple moving average of $15.24. The company has a market capitalization of $774.90 million, a PE ratio of 16.06 and a beta of 0.87.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%.The business had revenue of $206.44 million for the quarter, compared to the consensus estimate of $200.70 million. As a group, equities research analysts predict that Smith Douglas Homes Corp. will post 0.48 EPS for the current year.

Institutional Trading of Smith Douglas Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDHC. Geode Capital Management LLC boosted its holdings in shares of Smith Douglas Homes by 8.8% in the 2nd quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock valued at $1,980,000 after buying an additional 8,201 shares in the last quarter. First Trust Advisors LP lifted its position in Smith Douglas Homes by 5.8% in the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock valued at $564,000 after acquiring an additional 1,583 shares during the last quarter. Marshall Wace LLP acquired a new position in Smith Douglas Homes in the second quarter valued at $644,000. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes in the second quarter valued at $34,000. Finally, Wasatch Advisors LP grew its holdings in shares of Smith Douglas Homes by 4.4% during the second quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after purchasing an additional 53,358 shares during the last quarter.

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