Smith Douglas Homes (NYSE:SDHC) Given a $16.00 Price Target by Royal Bank of Canada Analysts

Smith Douglas Homes (NYSE:SDHC) has been assigned a $16.00 price target by equities researchers at Royal Bank of Canada in a research report issued on Tuesday, Marketbeat reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 5.01% from the stock’s previous close.

A number of other research firms have also issued reports on SDHC. Wells Fargo & Company reduced their target price on shares of Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Bank of America lowered shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $33.00 to $22.00 in a research note on Monday, January 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $18.00 price target on shares of Smith Douglas Homes in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.90.

Smith Douglas Homes Stock Up 1.3%

Smith Douglas Homes stock opened at $16.84 on Tuesday. The firm has a 50-day moving average price of $19.17 and a two-hundred day moving average price of $24.13. The firm has a market capitalization of $866.24 million, a price-to-earnings ratio of 9.74, a PEG ratio of 6.87 and a beta of 1.28. Smith Douglas Homes has a 52-week low of $16.28 and a 52-week high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $287.49 million during the quarter, compared to analyst estimates of $265.85 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. Research analysts expect that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Insider Transactions at Smith Douglas Homes

In related news, insider Russell Devendorf purchased 3,000 shares of Smith Douglas Homes stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $16.80 per share, with a total value of $50,400.00. Following the purchase, the insider now owns 299,952 shares in the company, valued at approximately $5,039,193.60. The trade was a 1.01% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey T. Jackson purchased 6,000 shares of Smith Douglas Homes stock in a transaction dated Friday, May 16th. The stock was bought at an average cost of $18.49 per share, with a total value of $110,940.00. Following the completion of the purchase, the director now owns 25,682 shares in the company, valued at approximately $474,860.18. This trade represents a 30.48% increase in their position. The disclosure for this purchase can be found here. Company insiders own 82.71% of the company’s stock.

Institutional Trading of Smith Douglas Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDHC. Arcadia Investment Management Corp MI acquired a new stake in Smith Douglas Homes during the fourth quarter valued at approximately $27,000. M&T Bank Corp lifted its stake in Smith Douglas Homes by 8.4% during the first quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock valued at $215,000 after purchasing an additional 848 shares during the last quarter. Trexquant Investment LP acquired a new stake in Smith Douglas Homes during the fourth quarter valued at approximately $218,000. Yorktown Management & Research Co Inc acquired a new stake in Smith Douglas Homes during the fourth quarter valued at approximately $236,000. Finally, PDT Partners LLC lifted its stake in Smith Douglas Homes by 10.7% during the first quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock valued at $273,000 after purchasing an additional 1,349 shares during the last quarter.

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.