Smith Douglas Homes (NYSE:SDHC) Trading Down 3.2% – What’s Next?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price was down 3.2% during trading on Monday . The stock traded as low as $20.03 and last traded at $20.07. Approximately 26,122 shares traded hands during trading, a decline of 71% from the average daily volume of 89,763 shares. The stock had previously closed at $20.73.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Bank of America downgraded Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $33.00 to $22.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered their target price on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Smith Douglas Homes presently has a consensus rating of “Hold” and a consensus price target of $24.80.

Smith Douglas Homes Trading Down 2.1 %

The stock has a 50-day moving average of $22.71 and a two-hundred day moving average of $29.32. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 6.87 and a beta of 1.44.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $287.49 million during the quarter, compared to analysts’ expectations of $265.85 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. Sell-side analysts expect that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SDHC. Wasatch Advisors LP grew its position in Smith Douglas Homes by 438.9% in the fourth quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company’s stock worth $29,640,000 after acquiring an additional 941,511 shares in the last quarter. Beck Mack & Oliver LLC raised its stake in Smith Douglas Homes by 58.1% during the 4th quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company’s stock valued at $17,933,000 after purchasing an additional 256,950 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Smith Douglas Homes by 52.8% during the 4th quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company’s stock worth $3,817,000 after purchasing an additional 51,419 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Smith Douglas Homes by 4.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock valued at $20,847,000 after buying an additional 35,702 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Smith Douglas Homes by 31.9% in the fourth quarter. Renaissance Technologies LLC now owns 99,200 shares of the company’s stock valued at $2,543,000 after buying an additional 24,000 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.