Smith Douglas Homes (NYSE:SDHC) Shares Gap Up – Still a Buy?

Smith Douglas Homes Corp. (NYSE:SDHC)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $17.71, but opened at $18.88. Smith Douglas Homes shares last traded at $19.2610, with a volume of 1,170 shares traded.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $17.00 target price on shares of Smith Douglas Homes in a research note on Friday, November 21st. Wall Street Zen cut Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Royal Bank Of Canada reduced their price target on Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Finally, Bank of America dropped their price objective on Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating for the company in a research note on Friday, October 10th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $16.60.

Smith Douglas Homes Stock Down 0.2%

The company has a market capitalization of $980.97 million, a PE ratio of 15.25, a price-to-earnings-growth ratio of 12.42 and a beta of 0.96. The stock’s fifty day moving average price is $17.28 and its two-hundred day moving average price is $18.65.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly 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). The business had revenue of $262.04 million for the quarter, compared to analysts’ expectations of $251.41 million. Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. On average, equities research analysts forecast that Smith Douglas Homes Corp. will post 1.73 EPS for the current year.

Institutional Trading of Smith Douglas Homes

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Smith Douglas Homes in the 2nd quarter worth $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes during the 2nd quarter valued at about $90,000. GSA Capital Partners LLP purchased a new position in shares of Smith Douglas Homes during the third quarter valued at about $188,000. AlphaQuest LLC bought a new position in Smith Douglas Homes in the third quarter worth about $195,000. Finally, Inspire Advisors LLC bought a new position in Smith Douglas Homes in the third quarter worth about $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.