Smith Douglas Homes Corp. (NYSE:SDHC) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Smith Douglas Homes Corp. (NYSE:SDHC) has received a consensus rating of "Reduce" from five analysts, with one sell rating and four hold ratings, while the average 12-month price target is $17.90.
• In its latest quarterly earnings report, the company reported a loss of ($0.13) earnings per share, significantly missing the consensus estimate while having revenue of $223.92 million.
• Recent institutional trading activity includes significant increases in holdings from hedge funds, with Millennium Management boosting its stake by 50.0% and Two Sigma Investments increasing theirs by 366.3% in the fourth quarter.

Shares of Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $17.90.

SDHC has been the topic of several recent analyst reports. Wall Street Zen cut shares of Smith Douglas Homes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Bank of America boosted their target price on shares of Smith Douglas Homes from $16.00 to $17.00 and gave the company an "underperform" rating in a report on Thursday, September 18th.

Smith Douglas Homes Stock Up 1.8%

NYSE:SDHC opened at $18.31 on Friday. The stock has a market cap of $941.79 million, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 11.99 and a beta of 1.06. The firm's fifty day simple moving average is $19.49 and its 200 day simple moving average is $19.29. Smith Douglas Homes has a twelve month low of $16.28 and a twelve month high of $39.46.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.38). The company had revenue of $223.92 million during the quarter, compared to the consensus estimate of $216.01 million. Smith Douglas Homes had a net margin of 1.43% and a return on equity of 1.74%. On average, analysts expect that Smith Douglas Homes will post 1.73 EPS for the current fiscal year.

Institutional Trading of Smith Douglas Homes

A number of hedge funds have recently modified their holdings of SDHC. Millennium Management LLC boosted its holdings in shares of Smith Douglas Homes by 50.0% during the 4th quarter. Millennium Management LLC now owns 56,459 shares of the company's stock valued at $1,448,000 after buying an additional 18,810 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Smith Douglas Homes by 366.3% during the 4th quarter. Two Sigma Investments LP now owns 27,550 shares of the company's stock valued at $706,000 after buying an additional 21,642 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Smith Douglas Homes by 8.4% during the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company's stock valued at $215,000 after buying an additional 848 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Smith Douglas Homes by 1.0% in the 1st quarter. New York State Common Retirement Fund now owns 185,119 shares of the company's stock worth $3,614,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Smith Douglas Homes by 11.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 486,509 shares of the company's stock worth $9,497,000 after purchasing an additional 50,713 shares in the last quarter.

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.

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