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

Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.50.

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

Hedge Funds Weigh In On Smith Douglas Homes

Several institutional investors and hedge funds have recently bought and sold shares of SDHC. Sei Investments Co. bought a new position in Smith Douglas Homes in the 1st quarter worth $1,015,000. Lisanti Capital Growth LLC purchased a new stake in shares of Smith Douglas Homes during the first quarter worth about $3,973,000. Teachers Retirement System of The State of Kentucky bought a new stake in Smith Douglas Homes during the 1st quarter valued at approximately $565,000. Federated Hermes Inc. lifted its holdings in Smith Douglas Homes by 5.5% in the 2nd quarter. Federated Hermes Inc. now owns 527,300 shares of the company's stock worth $12,328,000 after purchasing an additional 27,300 shares in the last quarter. Finally, Vanguard Group Inc. purchased a new position in Smith Douglas Homes in the 1st quarter worth approximately $13,451,000.

Smith Douglas Homes Price Performance

SDHC stock traded down $0.75 during midday trading on Wednesday, reaching $34.35. The company had a trading volume of 47,386 shares, compared to its average volume of 137,055. Smith Douglas Homes has a 1 year low of $20.55 and a 1 year high of $39.50. The firm has a 50-day moving average price of $35.89 and a 200-day moving average price of $30.70.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $208.02 million. The company's quarterly revenue was up 21.7% on a year-over-year basis. On average, analysts predict that Smith Douglas Homes will post 1.66 EPS for the current fiscal 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.