Royal Bank Of Canada Lowers Smith Douglas Homes (NYSE:SDHC) Price Target to $15.00

Smith Douglas Homes (NYSE:SDHC) had its price target dropped by equities research analysts at Royal Bank Of Canada from $16.00 to $15.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential downside of 13.19% from the stock’s previous close.

A number of other brokerages have also weighed in on SDHC. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company reduced their target price on shares of Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Wednesday, October 8th. Finally, Bank of America cut their price objective on Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating on the stock in a research note on Friday, October 10th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $16.90.

Smith Douglas Homes Stock Performance

Smith Douglas Homes stock traded up $0.52 during trading hours on Friday, reaching $17.28. 73,439 shares of the stock were exchanged, compared to its average volume of 81,118. The stock has a market cap of $889.06 million, a P/E ratio of 13.82, a P/E/G ratio of 11.76 and a beta of 0.96. Smith Douglas Homes has a 52-week low of $15.00 and a 52-week high of $37.90. The firm’s 50 day moving average is $17.82 and its 200 day moving average is $18.86.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). The company had revenue of $262.04 million for the quarter, compared to analysts’ expectations of $251.41 million. Smith Douglas Homes had a return on equity of 0.12% and a net margin of 1.13%. Equities research analysts expect that Smith Douglas Homes will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Large investors have recently made changes to their positions in the company. M&T Bank Corp boosted its position in Smith Douglas Homes by 8.4% during the 1st 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. New York State Common Retirement Fund lifted its position in shares of Smith Douglas Homes by 1.0% in the first quarter. New York State Common Retirement Fund now owns 185,119 shares of the company’s stock worth $3,614,000 after purchasing an additional 1,744 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Smith Douglas Homes by 11.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 486,509 shares of the company’s stock valued at $9,497,000 after purchasing an additional 50,713 shares in the last quarter. Victory Capital Management Inc. lifted its position in Smith Douglas Homes by 80.2% in the 1st quarter. Victory Capital Management Inc. now owns 14,395 shares of the company’s stock worth $281,000 after buying an additional 6,406 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Smith Douglas Homes by 32.7% during the 1st quarter. Wellington Management Group LLP now owns 1,211,274 shares of the company’s stock valued at $23,644,000 after buying an additional 298,227 shares during the period.

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.