Smith Douglas Homes (NYSE:SDHC) Reaches New 12-Month Low - What's Next?

Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $18.18 and last traded at $18.18, with a volume of 29752 shares trading hands. The stock had previously closed at $19.45.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SDHC. Wells Fargo & Company decreased their price target on shares of Smith Douglas Homes from $24.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price target on Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, December 13th. Finally, Bank of America lowered Smith Douglas Homes from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $33.00 to $22.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Smith Douglas Homes has an average rating of "Hold" and a consensus target price of $24.80.

Smith Douglas Homes Stock Performance

The firm has a fifty day moving average price of $21.68 and a 200 day moving average price of $28.07. The company has a market cap of $911.54 million, a price-to-earnings ratio of 10.10, a P/E/G ratio of 6.87 and a beta of 1.31.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, meeting analysts' consensus estimates of $0.46. The company had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. On average, analysts expect that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Smith Douglas Homes in the fourth quarter valued at about $27,000. XTX Topco Ltd acquired a new position in shares of Smith Douglas Homes during the 3rd quarter worth approximately $246,000. Trexquant Investment LP bought a new position in shares of Smith Douglas Homes during the fourth quarter worth approximately $218,000. Virtu Financial LLC acquired a new stake in shares of Smith Douglas Homes in the third quarter valued at approximately $344,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Smith Douglas Homes in the fourth quarter valued at approximately $236,000.

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.