Smith Douglas Homes Corp. (NYSE:SDHC) Given Average Recommendation of “Reduce” by Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been assigned an average recommendation of “Reduce” from the nine analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.60.

Several equities analysts have commented on SDHC shares. Bank of America lowered their target price on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating on the stock in a research report on Friday, October 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $17.00 price objective on shares of Smith Douglas Homes in a report on Friday, November 21st. Wall Street Zen lowered Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Wednesday, October 8th. Finally, Zacks Research cut shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th.

Smith Douglas Homes Trading Up 9.8%

Smith Douglas Homes stock opened at $19.21 on Tuesday. The firm has a market capitalization of $988.43 million, a P/E ratio of 15.37, a PEG ratio of 14.95 and a beta of 0.95. The stock has a fifty day moving average price of $18.56 and a 200 day moving average price of $18.77. Smith Douglas Homes has a 52 week low of $15.00 and a 52 week high of $26.12.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. The business had revenue of $262.04 million during the quarter, compared to analyst estimates of $251.41 million. As a group, equities analysts predict that Smith Douglas Homes will post 1.73 EPS for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of institutional investors have recently made changes to their positions in SDHC. Raymond James Financial Inc. bought a new stake in Smith Douglas Homes during the 2nd quarter valued at approximately $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes in the second quarter valued at approximately $90,000. GSA Capital Partners LLP acquired a new stake in shares of Smith Douglas Homes in the third quarter worth $188,000. AlphaQuest LLC bought a new position in Smith Douglas Homes during the third quarter worth $195,000. Finally, Inspire Advisors LLC acquired a new position in Smith Douglas Homes during the 3rd quarter valued at $214,000.

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