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

Key Points

• Smith Douglas Homes has a consensus “Reduce” rating from 10 analysts: two recommend selling, seven advise holding, and one recommends buying. The average 12-month price target is $13.90, below the reported share price of $13.41 only modestly.
• The company’s latest quarterly results were mixed: earnings per share came in at $0.03, missing the $0.11 consensus estimate, while revenue of $273.03 million exceeded expectations of $258.10 million.
• SDHC shares remain well below their 52-week high of $23.49, opening at $13.41 compared with a low of $10.72. Several institutional investors recently initiated positions, including Raymond James, Tower Research Capital and T. Rowe Price.

Shares of Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) have earned a consensus rating of "Reduce" from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.90.

A number of equities analysts recently weighed in on SDHC shares. Weiss Ratings restated a "sell (d+)" rating on shares of Smith Douglas Homes in a report on Friday, July 17th. Wall Street Zen upgraded Smith Douglas Homes from a "sell" rating to a "hold" rating in a research note on Saturday, June 13th. Finally, Zacks Research raised Smith Douglas Homes from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors have recently modified their holdings of SDHC. Raymond James Financial Inc. bought a new stake in Smith Douglas Homes in the 2nd quarter worth about $34,000. Tower Research Capital LLC TRC bought a new position in Smith Douglas Homes during the 2nd quarter valued at about $90,000. Price T Rowe Associates Inc. MD bought a new position in Smith Douglas Homes during the 4th quarter valued at about $182,000. VARCOV Co. purchased a new stake in shares of Smith Douglas Homes during the 4th quarter valued at about $200,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Smith Douglas Homes during the 1st quarter valued at about $168,000.

Smith Douglas Homes Stock Performance

NYSE:SDHC opened at $13.41 on Wednesday. The firm has a market cap of $681.63 million, a P/E ratio of 18.63 and a beta of 0.88. Smith Douglas Homes has a fifty-two week low of $10.72 and a fifty-two week high of $23.49. The firm has a 50-day simple moving average of $14.65 and a two-hundred day simple moving average of $14.31.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%.The firm had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. On average, equities research analysts predict that Smith Douglas Homes will post 0.25 EPS for the current year.

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.

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