Brokerages Set Smith Douglas Homes Corp. (NYSE:SDHC) PT at $31.50

Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) has been given a consensus rating of "Hold" by the six ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $31.50.

Several equities analysts have commented on SDHC shares. Wells Fargo & Company upped their price objective on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Wedbush restated a "neutral" rating and set a $20.00 price objective on shares of Smith Douglas Homes in a research report on Wednesday, August 14th. Bank of America upped their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $26.00 price target on shares of Smith Douglas Homes in a report on Thursday, August 15th.

Smith Douglas Homes Stock Performance

SDHC stock traded down $0.08 during trading hours on Friday, reaching $37.07. The stock had a trading volume of 30,838 shares, compared to its average volume of 146,623. The stock has a 50-day simple moving average of $35.62 and a 200 day simple moving average of $29.90. Smith Douglas Homes has a fifty-two week low of $20.55 and a fifty-two week high of $39.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The business had revenue of $220.90 million during the quarter, compared to analyst estimates of $208.02 million. The firm's revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, equities analysts predict that Smith Douglas Homes will post 1.66 EPS for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Azzad Asset Management Inc. ADV acquired a new stake in Smith Douglas Homes in the first quarter valued at about $331,000. Norden Group LLC acquired a new position in Smith Douglas Homes during the 1st quarter worth approximately $2,331,000. Capstone Investment Advisors LLC bought a new position in Smith Douglas Homes in the 1st quarter valued at approximately $1,625,000. Daiwa Securities Group Inc. acquired a new stake in Smith Douglas Homes in the first quarter valued at approximately $688,000. Finally, Lisanti Capital Growth LLC bought a new stake in shares of Smith Douglas Homes during the first quarter worth $3,973,000.

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.