Smith Douglas Homes Corp. (NYSE:SDHC) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.38.

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their price target on shares of Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. Wall Street Zen cut shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Saturday. Wells Fargo & Company dropped their price objective on Smith Douglas Homes from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Thursday, October 15th.

Institutional Investors Weigh In On Smith Douglas Homes

Several large investors have recently modified their holdings of the business. Integrity Alliance LLC. acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at approximately $158,000. Hsbc Holdings PLC bought a new stake in Smith Douglas Homes during the 1st quarter worth approximately $168,000. Ruane Cunniff & Goldfarb L.P. increased its stake in Smith Douglas Homes by 18.7% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock worth $185,000 after purchasing an additional 2,281 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Smith Douglas Homes during the 1st quarter worth approximately $324,000. Finally, Squarepoint Ops LLC raised its holdings in Smith Douglas Homes by 37.1% during the 2nd quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after buying an additional 8,606 shares during the period.

Smith Douglas Homes Price Performance

Smith Douglas Homes stock opened at $9.77 on Monday. The company’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $13.42. Smith Douglas Homes has a fifty-two week low of $9.60 and a fifty-two week high of $23.49. The firm has a market capitalization of $496.61 million, a price-to-earnings ratio of 17.76 and a beta of 0.86.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.09 by $0.20. The firm had revenue of $262.51 million during the quarter, compared to the consensus estimate of $283.13 million. Smith Douglas Homes had a net margin of 0.49% and a return on equity of 0.61%. As a group, analysts predict that Smith Douglas Homes will post 0.20 EPS for the current fiscal year.

Smith Douglas Homes Company Profile

Smith Douglas Homes, Inc is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company serves a range of buyers, including first-time purchasers, move-up buyers and others seeking newly built homes in planned communities.

Its business activities include acquiring and developing residential land, planning communities, building homes and providing customers with selections of floor plans, finishes and other design options. Smith Douglas Homes generally offers homes at accessible price points across a variety of suburban and exurban settings.

Founded in 2008, the company operates in markets across the southeastern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Kentucky.