Smith Douglas Homes (NYSE:SDHC) Price Target Cut to $12.00 by Analysts at JPMorgan Chase & Co.

Smith Douglas Homes (NYSE:SDHC) had its target price cut by JPMorgan Chase & Co. from $19.00 to $12.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, January 22nd. UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a research note on Monday, December 1st. Wells Fargo & Company dropped their target price on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, BTIG Research began coverage on Smith Douglas Homes in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Smith Douglas Homes currently has a consensus rating of “Reduce” and a consensus target price of $14.80.

Smith Douglas Homes Stock Performance

Shares of Smith Douglas Homes stock opened at $13.31 on Monday. Smith Douglas Homes has a 52-week low of $11.24 and a 52-week high of $23.50. The company has a fifty day moving average of $17.42 and a 200-day moving average of $17.95. The stock has a market capitalization of $684.85 million, a price-to-earnings ratio of 11.18 and a beta of 1.04.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, March 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The business had revenue of $260.43 million during the quarter, compared to analysts’ expectations of $251.09 million. Smith Douglas Homes had a negative return on equity of 1.03% and a net margin of 1.10%. On average, equities research analysts forecast that Smith Douglas Homes will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Smith Douglas Homes

Several large investors have recently added to or reduced their stakes in SDHC. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes during the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC purchased a new stake in shares of Smith Douglas Homes in the 2nd quarter worth about $90,000. GSA Capital Partners LLP bought a new stake in shares of Smith Douglas Homes during the 3rd quarter valued at about $188,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Smith Douglas Homes during the 4th quarter valued at about $182,000. Finally, AlphaQuest LLC purchased a new position in shares of Smith Douglas Homes during the third quarter valued at about $195,000.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.