Smith Douglas Homes Corp. (NYSE:SDHC) Receives Consensus Rating of “Reduce” from Analysts

by · The Cerbat Gem

Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report) has earned a consensus recommendation of “Reduce” from the ten research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.90.

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th.

Check Out Our Latest Stock Report on Smith Douglas Homes

Smith Douglas Homes Trading Down 1.5%

NYSE SDHC opened at $10.10 on Friday. Smith Douglas Homes has a 12 month low of $9.90 and a 12 month high of $23.49. The stock has a 50 day moving average of $13.24 and a 200-day moving average of $13.35. The company has a market cap of $513.38 million, a PE ratio of 14.03 and a beta of 0.83.

Smith Douglas Homes (NYSE:SDHC – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $273.03 million for the quarter, compared to the consensus estimate of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. As a group, sell-side analysts predict that Smith Douglas Homes will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SDHC. Squarepoint Ops LLC increased its holdings in shares of 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 acquiring an additional 8,606 shares during the last quarter. Conifer Management L.L.C. acquired a new stake in Smith Douglas Homes during the 2nd quarter valued at $22,274,259. Ruane Cunniff & Goldfarb L.P. lifted its holdings 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 valued at $185,000 after purchasing an additional 2,281 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Smith Douglas Homes during the first quarter worth $324,000. Finally, Hsbc Holdings PLC bought a new position in Smith Douglas Homes during the first quarter worth $168,000.

About Smith Douglas Homes

(Get Free Report)

Smith Douglas Homes (NYSE: SDHC) is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company focuses on offering attainable, entry-level housing, with floor plans and community features intended to meet the needs of first-time and value-oriented homebuyers.

The company develops homes in planned communities and offers a range of single-family designs, typically with options that allow buyers to customize selected features and finishes. Its activities generally include land acquisition and development, home construction, marketing, sales and customer service.

Founded in 2008 and headquartered in Atlanta, Georgia, Smith Douglas Homes serves housing markets in the southeastern and southern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Texas.

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