Smith Douglas Homes Corp. (NYSE:SDHC) Given Average Recommendation of “Reduce” by Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has received an average rating of “Reduce” from the nine analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.60.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $17.00 price objective on shares of Smith Douglas Homes in a research note on Friday, November 21st. UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a report on Monday, December 1st. Wall Street Zen cut Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Royal Bank Of Canada cut their price objective on shares of Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, January 22nd.

Institutional Inflows and Outflows

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

Smith Douglas Homes Trading Down 2.9%

Shares of SDHC opened at $16.37 on Wednesday. Smith Douglas Homes has a 12 month low of $15.00 and a 12 month high of $23.50. The firm’s 50 day moving average is $18.55 and its 200-day moving average is $18.52. The stock has a market capitalization of $841.98 million, a PE ratio of 13.09 and a beta of 0.94.

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.