Royal Bank Of Canada Issues Pessimistic Forecast for Smith Douglas Homes (NYSE:SDHC) Stock Price

Smith Douglas Homes (NYSE:SDHC) had its target price reduced by investment analysts at Royal Bank Of Canada from $15.00 to $10.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential downside of 2.53% from the stock’s current price.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.38.

Smith Douglas Homes Stock Up 4.9%

NYSE:SDHC traded up $0.48 during trading hours on Thursday, hitting $10.26. 5,962 shares of the stock traded hands, compared to its average volume of 87,838. Smith Douglas Homes has a 1 year low of $9.71 and a 1 year high of $23.49. The company has a market cap of $521.52 million, a price-to-earnings ratio of 14.25 and a beta of 0.90. The stock has a 50 day moving average price of $11.44 and a 200 day moving average price of $12.98.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. Equities analysts forecast that Smith Douglas Homes will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors and hedge funds have recently modified their holdings of SDHC. Squarepoint Ops LLC lifted its holdings in shares of Smith Douglas Homes by 37.1% in the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after buying an additional 8,606 shares in the last quarter. Conifer Management L.L.C. purchased a new position in Smith Douglas Homes during the second quarter valued at $22,274,259. Ruane Cunniff & Goldfarb L.P. grew its stake in Smith Douglas Homes by 18.7% during the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after acquiring an additional 2,281 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Smith Douglas Homes in the 1st quarter valued at $324,000. Finally, Hsbc Holdings PLC bought a new stake in Smith Douglas Homes in the 1st quarter valued at $168,000.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp. is a residential homebuilder that designs, constructs and sells single-family homes in selected markets across the southeastern and southern United States. The company focuses primarily on building attainable homes for first-time and move-up buyers.

Its homes are offered in a range of floor plans and configurations, with options intended to address varying household sizes, lifestyles and budgets. In addition to constructing homes, Smith Douglas Homes typically acquires and develops residential lots, manages the homebuilding process and provides customer service to homebuyers.

Founded in 2008, the company has expanded its operations across several markets, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.