Brokerages Set Smith Douglas Homes Corp. (NYSE:SDHC) Price Target at $16.60

Smith Douglas Homes Corp. (NYSE:SDHC) has earned a consensus recommendation of “Reduce” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.60.

Several research firms have recently weighed in on SDHC. BTIG Research initiated coverage on shares of Smith Douglas Homes in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Wall Street Zen downgraded Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $17.00 price target on shares of Smith Douglas Homes in a research note on Friday, November 21st. Zacks Research upgraded Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th.

Smith Douglas Homes Trading Down 0.8%

Shares of NYSE SDHC opened at $17.89 on Friday. Smith Douglas Homes has a 12 month low of $15.00 and a 12 month high of $24.75. The firm has a market capitalization of $920.44 million, a price-to-earnings ratio of 14.31, a PEG ratio of 14.90 and a beta of 0.93. The business has a 50-day moving average of $19.38 and a 200-day moving average of $18.76.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. The company had revenue of $262.04 million during the quarter, compared to analysts’ expectations of $251.41 million. On average, analysts predict that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of hedge funds have recently made changes to their positions in SDHC. Raymond James Financial Inc. bought a new position in shares of Smith Douglas Homes during the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC purchased a new stake in Smith Douglas Homes during the second quarter valued at about $90,000. GSA Capital Partners LLP bought 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 shares of Smith Douglas Homes during the third quarter valued at about $195,000. Finally, Inspire Advisors LLC purchased a new position in shares of 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. was founded in 2008 and is headquartered in Woodstock, Georgia.